Before the Trump administration’s August 1 deadline, Japan, South Korea and the European Union struck agreements with the United States, accepting American tariffs of 15 per cent on their exports. They all came with strings of promised investments in the US attached.While the agreements looked like capitulation at the time, these governments may be breathing sighs of relief in light of the latest tariffs US President Donald Trump has imposed on Canada, Brazil and India. But 15 per cent is still...