
Trump Doubles Steel & Aluminum Tariffs, Allies Push Back
Trump’s move to double steel & aluminum tariffs to 50% has drawn ire from Canada and the EU, threatening to upend trade relations and spark a tit-for-tat standoff.
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Trump’s move to double steel & aluminum tariffs to 50% has drawn ire from Canada and the EU, threatening to upend trade relations and spark a tit-for-tat standoff.
Fareed Zakaria warns that U.S.-Chinese mainland economic decoupling could shrink U.S. GDP by 1.4%, costing hundreds of billions annually and potentially spurring faster innovation in the Chinese mainland.
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New data from the WTO and IMF warn that US tariffs could shrink trade flows, pushing America out of its global lead as imports and growth estimates are revised down.
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Tariff wars haven’t revived U.S. manufacturing: 90K factories lost since 1994, slow global growth ahead, and Americans question low‑pay factory roles.
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