Farmers worry about falling crop prices and lost sales overseas. Manufacturers fear rising costs and new foreign taxes on their exports. American allies overseas are furious.
By any conventional gauge, President Donald Trump’s uncompromising stance toward tariffs and the pain they’ve begun to cause U.S. individuals and companies so close to midterm elections would seem politically reckless. Yet Trump appears to be betting that his combative actions will soon benefit the country and prove a political winner.
Ditching decades of U.S. trade policy that he says swindled America and robbed its workers, Trump insists he can save U.S. jobs and factories by abandoning or rewriting trade deals, slapping taxes on imports and waging a brutal tariff war with China, America’s biggest trading partner.
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