Trump Authorizes Tariffs, Defying Allies at Home and Abroad - News Summed Up

Trump Authorizes Tariffs, Defying Allies at Home and Abroad


Mr. Trump said that Robert Lighthizer, the top United States trade negotiator, would be in charge of negotiating with countries asking for exemptions in the next 15 days. Mr. Trump, a fervent opponent of the deal, officially withdrew the United States from it on his fourth day in office. The juxtaposition further highlighted the protectionist approach to trade policy that Mr. Trump has embraced, bucking years of America’s embrace of free and open trade. If the United States ignores or withdraws from the group, it could precipitate a breakdown in global trading rules and a new era of global protectionism. The consequences of the split were on display at the cabinet meeting earlier in the day when Mr. Trump thanked Mr. Cohn for his service, but needled him about his decision to leave.


Source: New York Times March 08, 2018 17:40 UTC


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