Future
Where Trump’s Trade Fight Could Go Next
New tariffs on Chinese imports are on, even as Canada and Mexico won a reprieve. Could the European Union be next? And how is the president defining victory?
The United States and China are officially in a new trade battle. Is the European Union the next front in President Trump’s fight?Credit…Agence France-Presse — Getty Images
The trade fight with China is officially on, with Washington and Beijing exchanging blows that could raise prices on an array of goods. And President Trump has threatened to target the European Union next.
But as Monday’s whirlwind of news, including last-minute reprieves for Canada and Mexico, showed, it’s hard to figure out what Trump will use to declare victory — or what the costs of the tariffs-as-policy approach will be. We dive into all of this below.
Also, we have a scoop on a top deal maker returning to Goldman Sachs, and we weigh the odds for various TikTok bidders.
Another trade clash to come?
Canada and Mexico managed to win a reprieve from President Trump’s tariff threat Monday — but a trade war is still on.
Washington has moved ahead with levies on Chinese imports, prompting China to retaliate with its own tariffs, including hits to American energy and technology companies like Google. And Trump has threatened to next attack the European Union.
The prolonged trade drama has continued to baffle business leaders and investors, and prompt the big question of what exactly Trump is trying to accomplish.
