There has been an aspect of “will he, won’t he?” in terms of President Donald Trump introducing long-promised tariffs in recent weeks. It now appears settled that such tariffs are here to stay, at least for now anyway.

After a lot of back and forth, the president set 25% tariffs on imports from Mexico and Canada while imposing a doubled 20% tariff on China, which then retaliated with 15% tariffs on U.S. imports.