“Even after President Trump announced sweeping global tariffs in April, some investors and supporters comforted themselves by arguing that the president’s goal was still to open global markets, not close them off,” the New York Times reports.
“The belief, promoted by Mr. Trump himself, was that he was using his tariffs as a lever to crack open foreign markets and the administration would soon deliver dozens of deals that would increase U.S. exports and help American businesses flourish abroad.”
“Three months later, that optimism is being replaced by doubts that Mr. Trump’s goal was ever to strike the kind of trade deals that would open up markets.”
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