Trump’s Trade War
Trump isn’t like most Republican presidents, but his views on trade have been an unusually firm departure from his party. Despite long championing free trade, the GOP is now led by a man who seems deeply skeptical of it. Last week, he upended trade negotiations with China by levying tariffs on $200 billion in Chinese goods, carrying out a threat he’d issued just before a Chinese delegation visited the White House. On Monday, China retaliated with tariffs on $60 billion in U.S. goods.
A trade war between the world’s two largest economies seems to be here. And the risks are dire. Financial…
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