A Massive Trade War Continues

Playbook: “America wakes up to a trade war this morning — just not the one we’d been promised. Trump’s bond-market-induced case of the yips may have won tariff reprieves for dozens of nations, but don’t be fooled. The trade barriers he’s pressing ahead with today still mark a 100-year high point for U.S. protectionism, and will have huge repercussions for the American and global economies.”

“Most significantly, the world’s two most powerful nations now find themselves in an economic standoff of epic proportions — with experts predicting pain on both sides.