Is Europe Ready for a Trade War?
US President Donald Trump's long-awaited protectionist policies have finally arrived in the form of import tariffs that will impose higher costs on friends, like the European Union, than on adversaries such as China. And that outcome, however perverse, is fully in keeping with Trump's worldview.
https://prosyn.org/MGDlCB3
PARIS – US President Donald Trump’s decision to impose import tariffs of 25% on steel and 10% on aluminum is surprising neither for its expression of protectionist ideology nor for its sheer economic irrationality. Rather, it is surprising because it has primarily targeted the European Union. Why is Trump taking measures against one of America’s main allies instead of its principal strategic adversary, China?