“Donald Trump is poised to start a new trade war within the GOP, and he just might win it,” Semafor reports.
“The former president’s campaign-trail talk of a sweeping tariff on global imports is rattling Republicans in Congress, but the GOP is not exactly vowing to vanquish a proposal that most economists warn would carry serious risks for US consumers.
Not to mention that Trump may just go around Congress and unilaterally enact a version of his tariff agenda.”“Trump has repeatedly floated a 10% tariff on all imports, as well as a 60% tariff on Chinese goods, while hinting at going even higher if he wins back the White House in November. A protectionist escalation on that scale would splinter Republicans, reopening a painful rupture between old school free-traders and Trump-aligned populists.”