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One trillion dollars under threat: Trump’s trade war is getting hotter

The real problem is that no one knows where it will end

By George Magnus  

Photo: Ron Sachs/DPA/PA Images

No one should be in any doubt now that President Donald Trump is serious about waging a trade war. He thinks that China, the European Union and his northern and southern American neighbours are using trade to exploit the United States, and that the World Trade Organisation can be threatened or preferably, neutered.

While the UK isn’t centre-stage in Trump’s jaundiced view about how the world’s trading system works, Brexiteers should have known not to trust the US President, and over the weekend he…

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