President Donald Trump has once again upended global trade norms with his latest wave of sweeping tariffs and characteristically defiant rhetoric, declaring that countries upset with US trade policy are welcome to stop doing business with America altogether. The message is as bold as it is consequential: the United States is open for business – but only on its own terms.

On April 9, Trump unveiled a new round of “reciprocal” tariffs targeting nearly 90 countries, a move he said was long overdue. While he announced a temporary 90-day reduction to a 10% baseline tariff shortly afterward, the original tariffs – in some cases far steeper – were met with alarm from foreign capitals and Wall Street alike.

Among the most notable exclusions from the 90-day reprieve is China. Imports from the world’s second-largest economy remain subject to a staggering 145% duty, continuing a trade war that has only intensified under Trump’s second term. Speaking to reporters aboard Air Force One on April 11, the president made clear that the message to all affected nations is simple: take it or leave it.

“We can set the tariff, and they can choose not to deal with us, or they can choose to pay it,” Trump said. “If they think it’s too high, they don’t have to do business with us.”

Trump framed the tariffs as both justifiable and economically beneficial, asserting they are making America “strong” and generating “billions of dollars a day” for the US Treasury. He brushed off warnings from economists and international partners........

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