Trumping up a trade war

Print edition : April 27, 2018

Steve Mnuchin, U.S. Treasury Secretary, declared: “We believe in free trade, we are one of the largest markets in the world.” Photo: RODRIGO GARRIDO/ REUTERS

The trade sanctions on China and other protectionist measures announced by the Trump administration will not only not serve the cause of the U.S.’ trade deficit but could also spark off a trade war, resulting in an overall shrinkage of world trade.
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