Number Theory: What will Trump’s trade war mean for the world?

Not only has Donald Trump been re-elected as the US president, the Republican Party also has a much greater control on the government with majority in both houses of the parliament. This coveted trifecta will give much more freedom to Trump in policymaking than what he had in his last term. Raising tariffs on imports in the US has been among the most important things in Trump’s 2024 election campaign. What will a trade war, if Trump were to walk the talk on his promises, entail for both the US and the world? How different could it be from Trump’s trade policy in his last term? Here is what the data shows.