© Daniel Raustadt

Quartz has summarised fairly succinctly the main problem with The Donald’s plan to push exports and punish importers: they tend to be one and the same. Mr Trump said last year “we tax and regulate and restrict our companies to death, then we allow foreign countries that cheat to export their goods to us tax-free”. But an economist has shown that the biggest importers and exporters – as those who manage their supply chains will know – are often the same company. As with many of the next president’s policies, it will be interesting to watch how he implements it.

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