LA LA LAND CORRESPONDENTS AND WIRE SERVICES

HAVING BEEN TOLD that his original tariffs were illegal, President Donald Trump has decided to show the world who’s boss in America by imposing higher import taxes, which businesses may either refuse to pay or later demand back with interest.

“These Trump tariffs are fast turning into shake-downs, or even confiscations, according to how you read them,” says Watda Fykh, a bond trader on Wall Street. “They may end up as repayable loans, which Americans will have to cough up for. What effect this will have on medium to long term interest rates here is anyone’s guess. They’re sizable figures and with the President head to head with the Supreme Court, who knows where this will end?”