As trade gap with China widens, Trump’s strategy is isolating the U.S.
Axios |
Treasury Secretary Steven Mnuchin heading to the U.S. embassy in Beijing for trade talks on May 3, 2018. Photo: Greg Baker/AFP via Getty Images
The Trump administration remains determined to double down on its China trade strategy of escalating tariffs. But Trump’s trade war is actually steering Asian countries toward non–U.S. trading partners.