The Japan Times - How Donald Trump weaponized tariffs

EUR -
AED 3.820067
AFN 80.082898
ALL 99.687062
AMD 413.849409
ANG 1.873361
AOA 948.508345
ARS 1093.343124
AUD 1.67342
AWG 1.874656
AZN 1.770298
BAM 1.956281
BBD 2.098717
BDT 126.761199
BGN 1.957583
BHD 0.392064
BIF 3043.650645
BMD 1.040031
BND 1.404744
BOB 7.182768
BRL 6.110496
BSD 1.039456
BTN 90.012154
BWP 14.406507
BYN 3.401392
BYR 20384.607089
BZD 2.087914
CAD 1.506698
CDF 2967.208056
CHF 0.94582
CLF 0.037099
CLP 1023.670905
CNY 7.469714
CNH 7.577026
COP 4328.400907
CRC 527.434884
CUC 1.040031
CUP 27.560821
CVE 110.399022
CZK 25.130785
DJF 184.834369
DKK 7.46178
DOP 64.222273
DZD 140.666967
EGP 52.233057
ERN 15.600465
ETB 130.940779
FJD 2.414276
FKP 0.856556
GBP 0.836829
GEL 2.995413
GGP 0.856556
GHS 15.923067
GIP 0.856556
GMD 75.40879
GNF 9002.50836
GTQ 8.04498
GYD 218.003655
HKD 8.103256
HNL 26.638339
HRK 7.674958
HTG 135.937575
HUF 406.797502
IDR 16931.912261
ILS 3.723228
IMP 0.856556
INR 90.118215
IQD 1362.440576
IRR 43785.303974
ISK 145.915431
JEP 0.856556
JMD 163.981936
JOD 0.737695
JPY 160.233936
KES 134.695411
KGS 90.9506
KHR 4180.924542
KMF 491.778981
KPW 936.027992
KRW 1504.123762
KWD 0.320756
KYD 0.866213
KZT 539.202709
LAK 22620.673849
LBP 93186.775093
LKR 309.286122
LRD 204.387666
LSL 19.308167
LTL 3.070941
LVL 0.629104
LYD 5.106703
MAD 10.395631
MDL 19.343761
MGA 4877.745535
MKD 61.560806
MMK 3377.980034
MNT 3534.025361
MOP 8.341233
MRU 41.460861
MUR 48.246966
MVR 16.026966
MWK 1805.493705
MXN 21.505034
MYR 4.574985
MZN 66.468573
NAD 19.313572
NGN 1588.644598
NIO 38.252095
NOK 11.771175
NPR 144.019446
NZD 1.84568
OMR 0.400348
PAB 1.039456
PEN 3.862158
PGK 4.162721
PHP 60.645285
PKR 289.748829
PLN 4.201819
PYG 8206.019677
QAR 3.787013
RON 4.975926
RSD 117.127267
RUB 102.444576
RWF 1449.283162
SAR 3.901185
SBD 8.777258
SCR 14.840711
SDG 625.058697
SEK 11.489122
SGD 1.406444
SHP 0.856556
SLE 23.790693
SLL 21808.929425
SOS 594.382393
SRD 36.510277
STD 21526.541346
SVC 9.095501
SYP 13522.482708
SZL 19.313802
THB 34.965961
TJS 11.329997
TMT 3.650509
TND 3.315102
TOP 2.435853
TRY 37.297693
TTD 7.050803
TWD 34.244273
TZS 2645.140882
UAH 43.435043
UGX 3829.942631
USD 1.040031
UYU 45.102402
UZS 13499.602032
VES 60.209823
VND 26083.976826
VUV 123.474566
WST 2.912947
XAF 656.124795
XAG 0.032872
XAU 0.000372
XCD 2.810736
XDR 0.794538
XOF 654.707942
XPF 119.331742
YER 258.837724
ZAR 19.300843
ZMK 9361.553542
ZMW 29.05215
ZWL 334.889549
  • CMSC

    0.0700

    23.68

    +0.3%

  • GSK

    0.3000

    35.36

    +0.85%

  • BCE

    0.2000

    23.9

    +0.84%

  • NGG

    0.9700

    61.74

    +1.57%

  • CMSD

    0.1600

    24.22

    +0.66%

  • SCS

    0.0700

    11.64

    +0.6%

  • BTI

    0.4200

    39.68

    +1.06%

  • JRI

    -0.0200

    12.57

    -0.16%

  • RBGPF

    2.7100

    64.91

    +4.18%

  • BCC

    2.3400

    128.66

    +1.82%

  • RIO

    1.1900

    60.91

    +1.95%

  • RELX

    1.1100

    50.35

    +2.2%

  • VOD

    0.0600

    8.61

    +0.7%

  • RYCEF

    0.0700

    7.45

    +0.94%

  • AZN

    0.9900

    71.24

    +1.39%

  • BP

    0.4800

    31.61

    +1.52%

How Donald Trump weaponized tariffs
How Donald Trump weaponized tariffs / Photo: Jim WATSON, Yuri CORTEZ - AFP/File

How Donald Trump weaponized tariffs

When President Donald Trump learned Colombia had pushed back on US deportations, his threat of a massive trade war laid out the stakes: cooperate, or else.

Text size:

Tariffs, just as they were during his first term from 2017 to 2021, are Trump's weapon of choice on the global stage.

While it may be too early to tell how successful of a tactic they are against both US allies and rivals such as China, it shows how Trump -- who prides himself on his negotiating skills -- will not hesitate to take a hard line to get what he wants.

- 'Leverage' -

After a rollercoaster Sunday with dueling tariff threats between Washington and Bogota, the White House said Colombian President Gustavo Petro had backed down and accepted the terms of repatriating immigrants from the United States.

Trump had first threatened to levy 25 percent tariffs on all imported Colombian goods in a heated response to Petro refusing to accept two military planes carrying deported migrants.

It was not clear whether leftist Petro had conceded his demand that the migrants be treated "with dignity."

Planes sent by Bogota to ferry the migrants would nonetheless return by Monday or Tuesday "at the latest," according to Daniel Garcia Pena, Colombia's ambassador to the United States.

Eddy Acevedo, chief of staff at the nonpartisan Woodrow Wilson Center think tank, said Petro "quickly became aware of the amount of leverage the United States has with Colombia and that his reckless decision could jeopardize."

"Last year alone, Petro had no problem allowing in 14,000 Colombians that were deported from the United States back to Colombia," Acevedo said.

- 'America First' in action -

White House spokeswoman Karoline Leavitt was quick to declare victory Sunday, saying: "Today's events make clear to the world that America is respected again."

Trump himself echoed the sentiment on Monday, telling reporters on Air Force One that "it serves the world well to look at" the Colombia spat.

Trump's plan for mass deportations of migrants has put him on a potential collision course with governments across Latin America, the original home of most of the United States' estimated 11 million undocumented migrants.

"The message that's being sent is how willing the Trump administration is to use these tools, and the fact that they got the opportunity to make that point in the first week of the administration, I'm sure, is quite pleasing for them," said Kevin Whitaker, the former US ambassador to Colombia who now serves as a non-resident fellow at the Atlantic Council.

True to the promises he made on the campaign trail, Trump spent his first week back in power working to implement his "America First" diplomatic credo.

In doing so, he has also threatened to levy tariffs against Canada and Mexico if they did not comply with his immigration demands.

He also announced the United States' withdrawal from the Paris climate agreement and the World Health Organization (WHO) during a slew of executive orders he signed.

In addition, Trump ordered a pause to US foreign aid -- except for Egypt, Israel and emergency food aid -- until a complete review is performed to see if it aligns with his agenda.

Trump has also threatened to "take back" control of the Panama Canal, claimed it was in Canada's best interest to become the 51st state, and reaffirmed his desire to annex Greenland, an autonomous territory of Denmark.

In the latter case, Trump has brandished tariffs against a fellow NATO ally.

And at the Davos forum last week, Trump in a videocall told the audience of business leaders to be prepared to come and produce goods in the United States, or else get ready to pay tariffs.

K.Abe--JT