Trump’s Trade War Is About More Than Trade
Winning its trade war with China would help the US negotiate better trade terms, but American consumers and businesses could pay a heavy price. Despite the potential economic toll, US President Donald Trump remains determined to use trade tariffs to advance strategic objectives that have little or nothing to do with trade.
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ROME – The opening salvos of US President Donald Trump’s trade war have sent shockwaves around the world. Over the past three weeks, his administration has broken with decades of free-trade orthodoxy, threatening to impose tariffs not only on strategic adversaries like China but also on longstanding allies like Canada and Mexico. Even Denmark – a NATO member and steadfast US ally during and after the Cold War – has found itself in Trump’s crosshairs.