Trump stands firm on trade, even as foreign tariffs begin kicking in
2018-07-02 12:03:35 source：The Washington Post
July 1, 2018
President Trump defiantly stood by his tariffs on Sunday as Canada hit back hard, Mexico elected a new leader who seems prepared to confront him, and the European Union issued a scathing condemnation of his policy as “in effect, a tax on the American people.”
Instead of backing down, Trump brushed off the mounting pressure from businesses and world leaders to scale back the taxes before they cause additional job losses and slower economic growth.
This week will be a critical test of Trump’s resolve as Canada on Sunday imposed tariffs on $12.6 billion of U.S. products and China is set to levy high tariffs on $34 billion worth of American goods, including soybeans, on Friday, the same day that Trump plans to tax an additional $34 billion worth of Chinese items.
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