Enforcing trade rules is not a ‘trade war’

(March 9, 2018) — The recent tariffs on steel and aluminum have been characterized as trade war. This is weird, because countries often enforce trade rules with targeted tariffs and sanctions, and markets adjust. What’s the real issue? [Stan Sorscher | March 9, 2018  | The Stand] In the orthodoxy of free trade, tariffs are…

Wilbur Ross’s Star Rises as Trump Imposes Tariffs

Commerce Secretary Wilbur Ross says tariffs will be good for the American steel industry—just as they were for Mr. Ross himself during his business career. [Ted Mann, Bob Tita and Maureen Farrell | March 8, 2018 | WSJ] Profiting from such protectionist measures was a trademark of some of the biggest deals in Mr. Ross’s rise as an investor specializing…