Will Donald the Destroyer
Strike Again?
U.S. President Donald
Trump increased pressure on Canada and Mexico over trade on Monday,
saying the two could avoid being caught in his planned hefty tariffs
on steel and aluminum if they ceded ground in talks on a new NAFTA
trade deal.
Trump also said, after a
weekend of tweets in which he threatened to hit German automakers
with tariffs, that Mexico needed to do more to stem the flow illegal
drugs to the United States, something not encompassed by the talks
over the North American Free Trade Agreement.
Trump’s determination to
push ahead with a 25 percent tariff on steel imports and a 10 percent
duty on aluminum has prompted threats of retaliation from the
European Union, Canada, China and Brazil among others. It has roiled
world stockmarkets as investors worry about the prospect for an
ever-escalating trade war that would derail global economic
growth.....