Business such as California winemakers could be hurt by the new tariffs as a result of retaliation.
AP Photo/Mark Schiefelbein
While the tariffs are unlikely to stem Chinese intellectual property theft or reverse the steep trade deficit, they are certain to hurt American companies and consumers.
Foreign goods wait to be unloaded at the Port of Los Angeles.
AP Photo/Nick Ut
A global trade war seems well underway as China and the US exchange targeted tariff attacks. An economist explains what they are, how they work and why they matter.
A welder fabricates a steel structure at an iron works facility in Ottawa on March 5, 2018. U.S.President Donald Trump’s stated intention to impose new tariffs on steel and aluminum imports could start a trade war.
THE CANADIAN PRESS/Sean Kilpatrick
Ottawa seems utterly unprepared for a trade war with the United States. The recent federal budget upholding equity values is noble, but won't mean a thing if the government runs out of cash.
There’s a reason investors don’t like trade wars.
AP Photo/Mark Schiefelbein
President Trump says 'trade wars are good,' but history tells a very different story.
Trump has made pushing protectionism since the campaign.
AP Photo/Chris Carlson
The idea that the US is historically a free trading country is a myth. Here's why that's a good thing.
US President Donald Trump in 2017 and George W. Bush in 2008.
On March 1, Donald Trump imposed a series of steel and aluminum tariffs. To understand their potential impact, it's instructive to look at what happened after George W. Bush enacted similar measures in 2002.
Trump will soon learn the costs of going it alone on trade.
AP Photo/Andrew Harnik
American lawmakers in the 1930s learned the hard way what happens when a country raises tariffs and makes other unilateral trade decisions.
The imposition of steep duties on imported solar panel components could jeopardize thousands of jobs in the industry.
A trade spat could jack up the cost of going solar, killing jobs and obstructing efforts to do something about climate change.
Apple’s products would be a lot more expensive if the U.S. didn’t trade with China.
The president said he's considering ending trade with any country that does business with North Korea. Here's why that will never happen.
The U.S. is slapping tariffs on China-made aluminum, which could lead to a trade war.
AP Photo/Paul Sakuma
Some fear that recent actions against China taken by the Trump administration mean we're on the verge of a trade war. What would be the cost?
Eliminating trade barriers on green technologies could help countries to shift away from fossil fuels.
Climate change will have a big impact on the global economy, for better or worse. We explore four issues that bring climate and trade negotiations head to head.
Chrysler auto assembly workers work on the line assembling Jeep Grand Cherokees and Dodge Durangos in Detroit, Michigan.
The administration's objectives for NAFTA negotiations with Canada and Mexico, set to begin in August, will do little to help American workers, let alone create shared prosperity across the continent.
A worker at an auto parts plant in Orion Township, Michigan, lifts coiled steel into place.
AP Photo/Paul Sancya
The president has promised to put a stop to foreign companies 'dumping' steel on US markets. Former President Bush tried the same thing, and here's what happened.
A lot is riding on the first head-to-head meeting between Trump and Xi.
Nothing less than the fate of the global economy lies in the balance as the two strong-willed leaders sit down for their first one-on-one meeting.
There may be trouble ahead.
US accusations of German currency manipulation do not appear to be motivated by economics.
Trump prefers his trade negotiations to be tête-à-tête.
Pablo Martinez Monsivais/AP Photo
Trade under Trump will mean more bilateral agreements, hard bargaining and ultimatums, a sharp departure from Obama's multilateral, win-win approach.
Donald Trump’s thumbs up for Taiwan is a sign of things to come.
EPA/Ritchie B. Tongo
Donald Trump looks like he's gearing up for a trade war with China that has been years in the making.
Is it too soon to dig the TPP’s grave?
We've been examining the ins and outs of TPP and the rise of the anti-trade right for months. Here's a roundup of some of our coverage.
Could protectionism make America great again? Trump thinks so.
A President Trump or Sanders would be likely to pursue protectionist trade policies such as higher tariffs. History suggests such policies could lead to a trade war, with painful consequences.