How Trump's 'trade war' differs from past ones
Trump’s metal tariffs trigger retaliation from Mexico, E.U. in escalating trade warTrump seems to be arguing that the suppliers from these countries are selling their goods to the US at below market rates while keeping American goods out with restrictive policies. The EU especially has been protectionist to go along with their control freak mentality. I think Trump is gambling that these countries will agree to fairer terms in exchange for withdrawing the tariffs. For this stage, it is looking like a game of chicken by both sides.
Commerce Secretary Wilbur Ross said President Trump acted on national security grounds, seeing a rising tide of imports as a threat to the domestic metals industry. But officials from the European Union, Mexico and Canada dismiss the idea that their shipments endanger the United States.