Trump’s latest move takes the focus off China. Most countries (and U.S. lawmakers) agree with Trump that China isn’t playing fair on trade, but instead of turning the E.U. and Canada into allies in the trade fight against China, Trump is alienating them.
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The president has threatened tariffs on an additional $50 billion in Chinese goods later this month, but he has often changed his mind, putting tariffs on hold or scaling them back before they go into effect. Right now, Canada and the E.U. are taking a bigger blow. (The E.U. and other allies would also bear the brunt of Trump’s proposed tariffs on autos).
Of course, it could all change quickly with a Trump tweet or remark.
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