Bob Davis
U.S. President Donald Trump’s second-term trade war officially began on Tuesday with fresh tariffs on China and retaliation from Beijing, but that’s only a small sample of what lies ahead.
In his first term, the self-declared “tariff man” levied tariffs on a scale unseen since the 1930s, though he had fairly narrow goals: protect some favored industries like steel; focus on China, the U.S.’s biggest rival; and pressure allies to line up with U.S. political goals. His first sallies this time followed part of that playbook when he threatened tariffs against Canada, Mexico, and China over what he said were their lax policies on immigration and drug traffic.
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