LONDON — When President Donald Trump strode into the Rose Garden in April 2025 brandishing a poster board of tariff hikes, the world leaped as if a fire alarm had gone off. Markets shed trillions of dollars, envoys rushed to Washington, more than 75 governments scrambled to negotiate, some scrapping carefully prepped countermeasures in a rush to cut deals.
Trump keeps making threats. Washington and the world have stopped flinching.
President Donald Trump during the Group of Seven summit in June in Evian-les-Bains, France. (Anna Moneymaker/Getty Images)
