Donald Trump Girds for a Trade War (and He Just Might Get It)
Markets reacted swiftly on Thursday to news that the Trump administration would impose a 25 percent tariff on imported steel and a 10 percent tariff on aluminum. Companies dependent upon such imports saw their stock prices plummet, driving a wider selloff across nearly all sectors. These companies “are going to see their costs of production go up,” explained the Cato Institute’s Dan Ikenson, “and they’ll also have trouble . . .