Treasury secretary: It’s ‘impossible’ for China to win trade war
President Donald Trump’s tariffs on imports from other nations, announced to be reciprocal to what those nations charge to import American products, are having a wide range of effects.
They’re intended to level the playing field so that America is not paying extraordinarily high costs to sell products in other nations, yet giving products from those nations free access to American consumers, likely the biggest retail market in the world.
Those charges have just kicked in, and some...