Trump's new trade policy

[stpioc]

During his campaign, President Donald Trump focused on renegotiating NAFTA, labeling China a currency manipulator, and bringing back lost manufacturing jobs. Instead, Trump has backed away from some of his promises on China and NAFTA, and is taking on smaller efforts. If Trump moves ahead with protecting the domestic steel industry, it will be one of the few trade moves that would correspond with his campaign promises.

But on the whole, Trump’s trade policy is completely incoherent. The Commerce Department has been considering whether steel imports are an economic security and national security threat. On Monday, Commerce Secretary Wilbur Ross confirmed that Trump would take “bold action” to address these supposed threats.

Trump’s trade rhetoric was key to his campaign. Now it’s totally incoherent.