David Fickling, Columnist

Trump Roars; China Yawns

Steel tariffs are only going to hurt one country's economy.

March 2, 2018 at 3:27 AM UTC

David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times.

1519961063_GettyImages-926014030 — Photographer: T.J. Kirkpatrick/Bloomberg

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There's a strange thing about the fire and fury that President Donald Trump is planning to wreak on the foreigners killing American manufacturing: The foreigners don't seem to care.

News of the planned 25 percent tariffs on steel and 10 percent levy on aluminum imports broke during the lunch break on the Shanghai Stock Exchange on Thursday. Shares in Baoshan Iron & Steel Co., China's biggest listed producer, promptly fell the most since, um, Wednesday.