Reports

Stay informed about the news at BFI and in a world of rapid change

BFI Bullion
April 16, 2025

The Return of the Trade Wars | Buyer Beware: Learning from other Investors’ Experiences | DOGE

Donald Trump’s return to the global political forefront as the 47th US President came after a tumultuous and very eventful campaign and signified a decisive gear shift for American politics. As he made abundantly clear in his inaugural speech and as he demonstrated in the first months of his presidency, he is committed to reversing most of the signature policies of his predecessor. He proved as much by signing dozens of Executive Orders and rescinding 78 of former President Joe Biden’s within hours of the transition. By now, it is clear that the country is set to return to many of its pre-2020 goals and priorities, especially when it comes to immigration, economic and social policies, foreign relations and economic cooperation strategies.

One of his hallmark policies during his previous term was his "America First" approach to international trade and his blunt use of tariffs to defend his nation’s economic interest. This time around, he seems to be doubling down, much to the chagrin of mainstream media commentators and political adversaries all around the world.

The Revival of Trade Tensions

President Trump’s immediate post-election statements emphatically foreshadowed a sharp departure from the last administration’s vision. He clearly signaled to trading partners and to the whole world that the US will aggressively pursue its economic interests, even at the expense of global cooperation. Tariffs are now back in the spotlight and the outlook for global trade is increasingly uncertain.

Read and download the entire BFI Bullion Digger below.

Download PDF Blog Post