The US president wields tariffs not as a policy tool but as an instrument of pressure, rewarding loyalty and punishing defiance – even among allies
Donald Trump has probably not read much Michel Foucault. But he appears to embody the French philosopher’s claim that “politics is the continuation of war by other means”. Nowhere is this more apparent than in his fondness for tariffs. He presents taxing foreign imports as a way to rebuild the American economy in favour of blue-collar workers left behind by free trade and globalisation. Yet he plainly thinks that politics is not about truth or justice. It is about leverage and supremacy.
Britain is learning first-hand that Mr Trump, with his us-versus-them framing and taste for spectacle, is an accidental Foucauldian – using tariffs as tools of loyalty and dominance, even against allies. If Mr Trump follows through on his threat to impose a 20% tariff on all imports, UK growth will suffer. The effect depends on the response. No British retaliation would mean GDP 0.4% lower this year and 0.6% next. A global trade war would push that to 0.6% and 1%. Either outcome would wipe out the government’s fiscal headroom. But while British policymakers fret over the shrinking margins of fiscal rules, Mr Trump sees no need to cloak power in objectivity.
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