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The Big Picture

Trump’s Trade War

The Trump administration’s new tariffs on imported solar panels and washing machines, combined with US Secretary of the Treasury Steven Mnuchin’s recent statements talking down the dollar, seem to suggest that the US president’s long-promised trade protectionism is on its way. But if more tariffs follow, and other countries respond in kind, Trump may have just shot the US in the foot.

Hubei province Honda factory STR/Stringer
Trump Trade speech Bill Pugliano/Getty Images .
The assembly line at Ford Bill Pugliano/Getty Images;

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