The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world's second largest economy. Biden administration officials looked at removing Trump's tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly.

Trump has announced that Canada and Mexico could soon see a 25 percent tariff added to all imported goods while China could face an additional 10 percent – something Trump says is part of an effort to curtail “crime and drugs” coming into the U.S. and slow the number of illegal border crossings.