US President-elect Donald Trump has been treating the world to a “shock and awe” torrent of economic threats: tariffs on allies as well as adversaries; deportation of 11 million undocumented immigrants; retaliation against de-dollarisation efforts with more tariffs; rollout of more tax cuts; establishment of a Department of Government Efficiency (DOGE) under tech billionaire Elon Musk and entrepreneur turned politician Vivek Ramaswamy for further deregulation; buying Greenland; taking back control of the Panama Canal; and making Canada the 51st state of the US.
