Economy Making sense of Trump’s tirades on trade Updated : June 12, 2018 11:10 AM IST The first agreement that Trump tore up was the Transpacific Partnership (TPP) that would have opened trade between 12 countries, that control 40% of the world’s GDP. He has had the North American Free Trade Agreement (NAFTA) in his crosshairs, and he has no qualms about imposing tariffs on goods from other nations, citing national interest as the criteria. Recently the Americans imposed a 25% tariff on steel and a 10% tariff on aluminium. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.