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Trump sees tariffs as a way of protecting the US economy from unfair competition and as a bargaining chip for getting better trading terms for America.

The exit memo cited stalled criminal investigations, “rampant unfair competition” in the legal market including money laundering and shell companies, and an amnesty program for license applicants that by late 2021 had brought $90 million of illegally grown cannabis into the state sales system.

A government spokesperson said: "Defending UK industry from unfair competition is important, which is why we've taken the decision to continue protecting UK folding e-bike producers based in the UK, whilst also lowering prices for consumers and importers of other products."

Farmers in France and Poland have expressed concern that they will be subject to unfair competition because European rules on their industry are stricter and more expensive to adhere to than those of competitors in South America.

Rome Mayor Roberto Gualtieri yesterday welcomed the order, which first came from the Interior Ministry, saying it would mean "more effective controls on access, and a first brake on unfair competition".