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U.S. President Donald Trump at a meeting during a NATO leaders' summit in London. U.S. President Donald Trump at a meeting with Prime Minister Justin Trudeau during a NATO leaders' summit outside London, Dec. 3, 2019 (The Canadian Press photo by Sean Kilpatrick via AP).

Trump Is Ratcheting Up His Trade Wars, Targeting Brazil and Argentina

Tuesday, Dec. 10, 2019

It came in a predawn tweet, like so many things from President Donald Trump: The announcement of new tariffs on steel and aluminum imports from Brazil and Argentina. It was just the start of another wild week in Trump’s trade wars.

He then threatened to retaliate against France for its new tax on American technology companies with tariffs on French exports of wine, cheese and handbags. Later in the week, Trump said he might prefer to wait until after the election to reach the “phase-one” trade deal with China he announced as all-but done back in October. The comments raised the specter—again—of new tariffs taking effect on $160 billion in additional Chinese imports, mainly consumer products, after the duties were delayed from Sep. 1 to Dec. 15. Finally, during a NATO leaders’ meeting outside London, Trump suggested he might use tariffs to punish countries not meeting their defense spending targets in the alliance. ...

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