Trump’s Tariffs Sent Trade Plummeting

“President Trump’s sweeping tariffs took a toll on trade in August, as imports dropped 5.1 percent, to $340.4 billion, after taxes on exports from roughly 90 countries went into effect on Aug. 7,” the New York Times reports.

“The data, which had been delayed by more than a month because of the government shutdown, gives the first look at trade patterns after Mr. Trump introduced what is effectively a new trading system for the United States.”