The Trade War Will Catch Up to Trump
So far, the response to the president’s tariffs has been surprisingly quiet. But that won’t last forever.
The tariffs are piling up. By December 15, President Donald Trump plans to hit nearly everything Americans buy from China with duties, covering 20 percent of total U.S. imports. Predictably, Beijing has retaliated by eliminating access to a 1.4-billion-person market that took soybean farmers and other American businesses years to develop. Relations with China are getting more toxic by the day. No deal is in sight.
And yet, although all the major watchdogs—the , , , and —are certainly worried about the trade war’s impact on the , so far, at least, it is hardly in a
