Free Republic

The president’s vision for reshaping global trade is falling into place, but he is embarking on an experiment that economists say could still produce damaging results.Over the last six months, the United States has left behind the global trade order that persisted for decades in favor of something drastically different and largely untested. Formidable economies like the European Union and Japan have abruptly made peace with higher tariffs on their exports, acquiescing to President Trump’s demands in order to avoid damaging trade wars and to coax even steeper U.S. duties down just a little bit. As major economies fall in...

Move over, Smoot and Hawley. President Trump has anointed himself America’s greatest protectionist, and he’s launching a global trade war to prove it. On Wednesday, Trump slapped a minimum 10 percent tariff on all imports, plus additional “reciprocal” tariffs on 60 other countries that have the temerity to sell us things we want to buy. He dubbed it “Liberation Day” to mark the freeing of Americans from the supposedly oppressive burden of trading with others.

‘Negativity won’t win a trade war,’ Carney says in shot at Poilievre CBC News Special | Carney kicks off Liberal campaign, Canadians set to vote April 28 ..... The Latest Voters will go to the polls on April 28. Carney says he will cut taxes for middle-class Canadians. Speaking earlier in Quebec, Conservative Leader Pierre Poilievre said he will stand up to U.S. President Donald Trump and his threats of annexation. We’re expecting to hear from all the other major national party leaders today as well. Polling suggests a tight race between the Liberals and Tories as the campaign gets...