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It's not just China: Trump's trade war is raging on several fronts

2019-05-14 09:32:58       source:CNBC

May 13, 2019

President Donald Trump’s trade war with China is not the only conflict with a major trading partner raging ahead of his reelection bid.

Trump, who campaigned in 2016 on cracking down on what he calls unfair trade practices, has stirred trade conflict on even more fronts. From Canada and Mexico to the European Union and Japan, the president faces pivotal moments in his crusade to reshape U.S. trade relationships ahead of the 2020 election.

Trump has a difficult path to following through on his trade agenda while avoiding damage to a strong U.S. economy. He will have to decide whether to slap threatened tariffs on the $325 billion in Chinese products that remain untaxed. He aims to ratify updates to the North American Free Trade Agreement, but some lawmakers want him to remove steel and aluminum tariffs on Canada and Mexico before they will support a deal.

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