“The cost of The Donald’s policy of imposing heavy import tariffs on steel and aluminium continues to rise, with the resignation of … Gary Cohn, his top economic adviser…,” writes Richard Harris. “Steel and aluminium are poor targets for an American trade war…. [T]hey miss the fundamental issue of seeking to rebalance trade with China. Targeting steel allies would hammer Canada, the European Union (EU) and South Korea, who export something like 13 times more steel to the US than China…. Western companies complain that business always seems to be on China’s terms…. You cannot blame the central government for wanting to ‘make China great’.

Source: https://www.yahoo.com/news/tariffs-miss-mark-protectionism-favors-powerful-nations-children-100002502–politics.html

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