The president offers many reasons for imposing tariffs, including revenue, leverage over competitors and job creation. But history suggests a more complex history.
President Trump has acknowledged in recent days that the United States may be headed into a recession, even as he doubles down on imposing tariffs on Canada, Mexico, China and the European Union.
The system America took 80 years to assemble proved surprisingly fragile in the face of Trump’s assault, a revolution in how the country exercises power across the globe.
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