Trade war

Hanson: Donald Trump’s just trade war

President Donald Trump has announced sweeping new tariffs on most goods imported into the U.S. from abroad. His flat 10 percent levy on all imported products and services came into effect on Saturday. Starting Wednesday, American tariffs will rise higher, in some cases quite dramatically so, on the European Union, China, India, Vietnam, and some of our Asian allies such as Japan, South Korea, and Taiwan—which have for decades unabashedly run large trade surpluses.

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