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Specter of Global Trade War Rises as Trump Puts ‘America First’

  • U.S. president targets Japan, Germany, China in new attacks
  • World leaders under pressure to define their own red lines
Bloomberg business news

Davies: China Trade War Would Offset U.S. Fiscal Boost

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World leaders aren’t taking Donald Trump’s trade barbs lying down.

After the U.S. president said Germany and Japan are gaming foreign-exchange markets to win favorable trade terms, Japanese Prime Minister Shinzo Abe joined German Chancellor Angela Merkel on Tuesday in pushing back and leading a global counter-charge to the accusations.