Art of the Tariff Deal: Dozens of Foreign Powers Negotiate for Free Trade Instead of Retaliation

Just the News (Ben Whedon and Steven Richards), The Star News Network

Last Wednesday, the president announced large-scale tariffs on nearly every country,

declaring that the measures would help to end American trade deficits with foreign powers and bolster domestic production of goods. Thursday and Friday witnessed precipitous declines in the stock market, though the administration made clear it would hold the course. Preliminary announcements, moreover, suggested that many key trading partners were prepared to negotiate favorable trade agreements to eliminate or at least reduce the tariffs.