THE TRADE WAR IS HERE
Canadian Prime Minister Justin Trudeau and US President Donald Trump.
Chip Somodevilla/Getty Images
President Donald Trump reported Thursday that the US would force new duties on steel and aluminum one week from now.
It set off a chain response, with Canada, the European Union, and others vowing to strike back.
Expanded protectionist exchange activities raise worries that the US is drawing nearer to a worldwide exchange war.
President Donald Trump’s declaration on Thursday that the US would force new levies on imports of steel and aluminum has set off a chain response, pushing the US to the incline of an exchange war as key partners pledged to strike back.