“We are in uncharted territory in terms of trade policy,” said Chad Bown, a senior fellow at the Peterson Institute of International Economics. “What President Trump has done is make everything uncertain in trade policy. In March, Trump used that finding to announce steep tariffs against China and Japan, temporarily offering exemptions for many other countries. In March, the administration set aside tariffs it had proposed on South Korean steel and aluminum manufacturers. The Trump administration has pushed European nations to adopt the same approach, but European leaders do not want to do so.

Source: Washington Post April 30, 2018 17:34 UTC