Trump Starts a Trade War, but the Path to Success Remains Unclear Image
Trump Starts a Trade War, but the Path to Success Remains Unclear Image President Trump has said that trade wars are “easy to win.” Now that he has started one with China, it remains to be seen what his strategy is. Credit Gabriella Demczuk for The New York Times WASHINGTON — The United States and China hit each other with punishing tariffs on Friday as the two nations tipped into a long-feared trade war that is only expected to escalate. President Trump has said that trade wars are “easy to win.” Now, as he opens a global skirmish with allies and adversaries alike, the question is whether he has a plan to achieve the results he wants or whether he is heading into a costly and futile clash without resolution. The president appears to be betting that threatening trading partners like China, the European Union, Mexico and Canada with tariffs will eventually force them to bend to the United States. His strategy is being buoyed by a strong economy that is ...