President Donald Trump has announced the planned imposition of a new, 25 percent tariff on imported steel and a 10 percent tariff on foreign made aluminum entering the United States. This has brought about threats of trade retaliation by a number of America’s trading partners. The menacing clouds of a possible trade war are showing themselves on the global horizon.

Claiming that other countries are taking advantage of the U.S., as reflected in American trade deficits, Trump, in one of … Continue reading Trump’s Protectionist Follies Threaten a Trade War