The Trump administration is reportedly now open to trade talks with China, the largest U.S. trade partner. For China — and most of America’s trade partners — it was a long summer. President Trump spent June, July and August imposing new tariffs to discourage imports. His administration has also announced that further tariffs are on the way.
The scale of Trump’s potential new protection is enormous, even if the president limits further tariffs to only the auto imports and trade with China that he has under threat. By the midterm elections, 40 percent of total U.S. imports could be hit by new tariffs that Trump imposed in 2018 alone.
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