Trump Pushes Forward with Trade War

Politico: “Despite the coronavirus pandemic, unprecedented lockdowns and fears of a global economic meltdown, U.S. President Trump is still waging his tariff-hiking trade war.”

“Just one day after G7 leaders — including Trump — said they remained ‘committed to the stability of the global economy’ and pledged to ‘coordinate measures and do whatever it takes’ to safeguard economic growth, Washington confirmed it was pressing ahead with tariff hikes on European aircraft to 15 percent, up from 10 percent, starting Wednesday.”

Bloomberg: “For weeks, President Trump has privately rejected proposals from advisers and businesses to cut China tariffs. Companies were hoping to convince him and amped up their call for relief. [On Wednesday], he finally slashed their hopes: ‘There’s no reason to do that.’”