President Donald Trump’s push to rebalance global trade in America’s favor has investors on edge, as his threats to impose import tariffs and curb foreign investment raise the specter of retaliation that could spark a global trade war.
The White House offensive is occurring on several fronts: it’s renegotiating the North American Free Trade Agreement; it’s in talks with nations and blocs that want exemptions from steel and aluminum tariffs; and it’s considering how to punish China for alleged theft of intellectual property. Beijing has threatened to retaliate by imposing tariffs of its own.
