What’s at Stake in Trump’s Looming Trade War With China

President Donald Trump holds up a proclamation on steel and aluminum imports during an event at the White House, Washington, March 8, 2018 (AP photo by Susan Walsh).
President Donald Trump holds up a proclamation on steel and aluminum imports during an event at the White House, Washington, March 8, 2018 (AP photo by Susan Walsh).

U.S. President Donald Trump on Thursday signed an order imposing tariffs on steel and aluminum imports. The tariffs, which will go into effect in 15 days, exempt Canada and Mexico for now, with the possibility of other states to be exempted as well. Combined with the resignation earlier this week of Gary Cohn, the president’s chief economic adviser who had been seen as a check on Trump’s protectionist instincts during his tenure as director of the National Economic Council, they signal that Trump is ready to make good on campaign promises of getting tough on trade—and in particular with China. […]

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