Donald Trump has come back into office with an economic plan that is a three-legged stool. (We don’t discuss politics, but we do discuss economic policies that can impact your portfolios.) One leg of his plan is regulatory reform; the second is tax reform; and the third is his desire to have high tariffs to make it difficult for Americans to buy goods from international companies. The biggest change is in the size of his ambitions and the order in which he has decided to tackle his priorities.