U.S. President Donald Trump appears to be gaining ground in a trade war many predicted he would lose. With a sharp pivot back to tariffs over treaties, Trump’s strategy is pulling in record-breaking revenues while facing minimal global retaliation. A Shift in Trade Philosophy Unlike his first term—when tariffs were used as leverage to negotiate trade deals like the USMCA—Trump’s current approach abandons diplomacy in favor of hardline economic pressure. His plan: raise tariffs broadly and unapologetically, regardless of global norms or World Trade Organization (WTO) rules. The results are staggering. U.S. customs duties surged to \$27 billion in June alone, compared to just \$7 billion during the same month last year. Annualized, that could push tariff revenues toward \$240...