What do Trump’s executive orders say on tariffs and how would they work?
With a trio of executive orders, US President Donald Trump has almost instantly thrown the world economy and his own goal of cutting inflation into turmoil.
His tariffs against Canada and Mexico in order to stop illegal immigration and the illicit fentanyl trade led to retaliatory taxes by both countries on US imports.
He placed an additional 10 per cent tariff on imports from China with the stated goal of stopping the production of fentanyl.
A trade war is looming between the US, Canada, and Mexico. (AP)
But on a deeper level, Trump suddenly hit the US economy with tax increases that, if sustained, could total more than US$1 trillion ($1.61 trillion) in 10 years.
He did so without congressional approval and by his own acknowledgement at the perilous chance of ...