President-elect Donald Trump has chosen relatively conventional experts to lead his second administration’s economic policy, even as he pursues tariffs that could upend the international trade order and fills much of his Cabinet with ideologues and loyalists.

President-elect Donald Trump has assembled what might be called a team of rivals on economic policy. But investors should look no further than Trump himself when it comes to a key part of his agenda: tariffs.

The president-elect’s market-friendly appointments to Treasury and other agencies brought relief to investors. The trade threat suggests that might be premature.

Trump said he will impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from China, as one

President-elect Trump is wasting no time when it comes to making good on his promise to impose tariffs on foreign nations. He announced he would slap major new tariffs on Mexico, Canada and China on his first day in office.

Donald Trump’s threat of 25% tariffs on Mexico and Canada would cost the US economy as many as 400,000 jobs and increase prices for American consumers, according to the Mexican government.