The tariffs would be a significant escalation of Trump’s previous proposal, which was already a major increase on more targeted tariffs enacted by Trump during his first administration, and kept in place by President Joe Biden.

Another check on the administration could be the fear of tariff-induced inflation. Americans’ experience of the highest price rises in 40 years helped doom Kamala Harris’s election bid. Mr Trump may not want to be seen as the architect behind surging prices of everything from Americans’ breakfast avocados to their newest set of wheels.