Trade War

NY Times: America Declares War on Its Friends By The Editorial Board

To hear the Trump administration tell the tale, it must hit the European Union, Canada and Mexico with steel and aluminum tariffs to stop Chinese manufacturers from flooding markets with these metals and, in turn, protect American workers. That’s a fantasy. Chinese steel mills and aluminum smelters will keep chugging away, and more likely, American farmers and products like Kentucky bourbon, Harley-Davidson motorcycles and Iowa beef will bear the brunt of these new tariffs — even as the tariffs invite a trade war.