Trump’s Growing Focus on Tariff Revenue Raises Trade War Odds
- President’s top aides cite generating income as aim for duties
- Shift leaves little room for negotiation for targets like EU
The World Trade Bridge port of entry on the US-Mexico border in Laredo, Texas.
Photographer: Cheney Orr/BloombergThis article is for subscribers only.
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President Donald Trump and his economic team are increasingly focusing on the revenues his tariffs would generate as he seeks to get tax cuts through Congress, pointing to an ominous path ahead for countries trying to avoid a trade war.