Trump’s Warning Shot on Trade Risks Igniting a Wider Conflict

They forged institutions focused on reducing tariffs and other impediments to trade, with the World Trade Organization as the linchpin.

In the more than seven decades since the end of the Second World War, leaders of the planet’s major economies have operated on a rough consensus that trade offers a potent form of inoculation against the outbreak of military hostilities. The United States and its allies have constructed an economic and security order centered on the notion that communities connected by commerce have a shared interest in maintaining peace.

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Wall Street Jurnal -
Australia Disputes U.S. Tariffs Linked to New Security Pact

Australia on Saturday disputed U.S. President Donald Trump’s apparent assertion the day before that the country being exempted from planned U.S. tariffs on aluminum and steel imports would be conditional on a new security agreement.

“There is no…nothing of that kind,” Mr. Turnbull said when asked about prospects of a new security agreement with the U.S. “The reference to the security agreement in his tweet is shorthand for the legal paperwork that has to follow through a proclamation in accordance with an executive order.”

DW -
EU still in the dark over Trump's tariffs after meeting US representative

EU Trade Commissioner Cecilia Malmstrom had a "frank discussion" about the upcoming US tariffs on imported steel and aluminum with US trade representative Robert Lighthizer on Saturday.

Top EU and US officials spent hours discussing new US tariffs on steel and aluminum but failed to reach "immediate clarity," said EU trade chief Cecilia Malmstrom. The bloc had asked to be excluded from the tariffs.

Wall Street Jurnal -
Here’s what happened the last time the U.S. imposed tariffs on steel

In early 2002, then-President George W. Bush imposed steel tariffs of up to 30% on imports of steel in an effort to shore up domestic producers against low-cost imports.

These tariffs were controversial both at home and abroad because, even as they helped steelmakers, they squeezed steel users, such as the auto industry. They were also seen as hypocritical at a time when the Republican administration was trying to encourage other countries to liberalize trade policies — and reduce their tariffs — through the Doha Round of World Trade Organization talks that were happening at the time.

NBC News -
Companies could beat Trump's tariffs the same way they did 80 years ago

25 percent on imported steel and 10 percent on imported aluminum — as well as Trump declaring trade wars "good" on Twitter, prompted dire warnings from critics, who have said the move will lead to retaliation and raise costs for companies that rely on steel and aluminum to make their products, which could in turn result in price increases and layoffs.

Cities and states are sure to seize on FTZs as a way to reduce the effects of President Donald Trump's newly ordered tariffs, experts told NBC News.

Wall Street Jurnal -
Trump to Stump for Tariffs in Steel Country

President Donald Trump is going to the Pittsburgh area this weekend to sell voters on two things: the administration’s plan to slap tariffs on foreign steel and aluminum, and a Republican candidate in a tight race for an open U.S. House seat.

White House officials said Mr. Trump plans to focus much of his Saturday speech framing the steel and aluminum tariffs as a boon to workers in steel-producing regions such as western Pennsylvania.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte