National/regional news and analysis

Trump has shown he will backtrack on tariffs. What does that say about how to wage a trade war?

Countries can target products that they can produce themselves or source from other partners. darksoul72/ShutterstockAmid Donald Trump’s escalating tariff war with China, the world has been left in no doubt. Consistent with his campaign messaging, and going against the overwhelming majority of economists’ advice, it’s clear that the US president still loves tariffs. He is ready to use them as a bargaining tool – and also to change them on a whim.

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