By Lawrence Herman
Donald Trump’s tweet that “Trade wars are good, and easy to win” is one of the strangest comments – and there have been many – made by this President since assuming office.
Done in his typically bellicose manner, Mr. Trump’s announcement of new tariffs on steel and aluminum imports is another American assault on the rules-based global trading system and an affront to the international community at large.
It provoked immediate and vigorous worldwide condemnation. The European Union, Germany, Canada and others have threatened retaliation if the United States goes ahead with this. China won’t stand idly by without responding.
Details of the tariffs will be issued this week. While we don’t know for sure, Canada likely won’t be excluded. But even if Canada gets off the hook, the world could be plunged headlong into a global trade war with unpredictable consequences.
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