Trump Tariff Plan Challenges Trade System U.S. Helped Build

President Donald Trump’s planned tariffs on steel and aluminum threaten a world-trading regime already battered by mounting protectionism and its struggle to tame China’s state-driven capitalism. Pascal Lamy, our president emeritus and former director general of the World Trade Organisation (WTO) analyses the possible consequences of the American president’s decision.

|   08/03/2018                         |   Lamy Pascal             |   Economics and finance

Mr. Trump is expected to sign a proclamation this week outlining his plan to impose the tariffs, which have angered close U.S. allies. European Union officials have suggested they could impose up to $3.5 billion in retaliatory tariffs on U.S. products almost immediately.