Donald Trump is heading toward his 2020 reelection campaign with virtually nothing to show for his big trade promises
President — except for angry farmers and a jittery stock market.
What he has achieved are mostly unilateral actions: imposing tariffs on more than $50 billion of steel and aluminum imports from both allies and adversaries and tariffs on $250 billion of Chinese goods. He's also threatening to raise tariffs on a remaining $325 billion of China's exports. Reinsch, a former Commerce Department official, said he sees only a slight chance of Trump eking out a political victory in the China talks.
In that scenario, China is expected to increase its already substantial retaliation on U.S. exports, such as farm goods, seafood and chemicals. Boeing aircraft, which Beijing has spared so far, could also face increased duties.
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