Analysis: Trump dashes hopes of trade peace with China, Europe and Japan
— and provide a warning to anyone inclined to conclude the Trump administration wants to wind down its trade fights any time soon.
The lesson for investors, business owners and everyone else with a stake in the outcome of the trade wars is clear enough: Close observers of Trump’s handling of his trade agenda say his get-tough approach to erstwhile allies and strategic competitors alike should come as no surprise. In a note this week, Chris Krueger of Cowen Research Group reached the same conclusion about Trump’s attitude toward auto tariffs.
And even before Trump’s executive order on autos, industry sources responded tepidly to the news of the tariff postponement. “Manufactures and suppliers do best when there’s certainty in the economic environment. And these continued negotiations, with the cloud of not having agreement on what we’re negotiating, just extends the uncertainty,” said Anne Wilson, a top lobbyist for the Motor & Equipment Manufacturers Association. “This will lead to loss of jobs and loss of investment in the U.S.
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