Trump Starts a Massive Trade War

Playbook: “The global economy is in flux this morning as Donald Trump’s surreal, chart-waving TV performance in the White House Rose Garden ushers in a new era of 19th century-style protectionism.”

“With Trump’s allies fanning out across the media to sell his tariffs to a skeptical public, global investors are braced for carnage when the U.S. markets open at 9:30 a.m. Economists are issuing dire warnings about the impact on prices, trade and growth if the tariffs remain in place.”

“And America’s allies and foes around the world are digesting what just happened — and carefully weighing their response.”