NRPLUS MEMBER ARTICLE T he problem with winning a race to the bottom is that you end up at the bottom.
President Donald Trump’s idiotically conceived and incompetently executed trade war with China shows no signs of abating — the president himself said this week that he’d be happy to see negotiations drag on throughout the coming year — and now Trump has decided to expand the theater to Brazil and Argentina.
Trump says he is imposing tariffs on steel and aluminum from Brazil and Argentina because those two countries have engaged in a policy of competitive currency devaluation, i.e., they have artificially driven down the …
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