ColumnAsia-Pacific

Trump’s Tariffs Herald the Return of ‘Managed Trade’

President Donald Trump gestures toward the crowd after speaking at the United States Steel Granite City Works plant, Granite City, Illinois, July 26, 2018 (AP photo by Jeff Roberson).
President Donald Trump gestures toward the crowd after speaking at the United States Steel Granite City Works plant, Granite City, Illinois, July 26, 2018 (AP photo by Jeff Roberson).
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How will President Donald Trump’s trade wars end, assuming they do? There are at least some hints now about how things may play out, and they are not reassuring. Administration officials keep saying that the tariffs imposed against China and other American trading partners, including close allies in Canada and the European Union, are being used as leverage to remove unfair trade practices abroad, improve market access for U.S. exporters and reduce the deficit. But it is looking more and more like the outcome could instead be continued trade protection in myriad forms. One little noticed aspect of Trump’s trade […]

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