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Trump's Offhand Comment Stokes Fears Of Trade War
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14 Feb 2018 04:01 AM EST

On Monday, President Donald Trump caught the eye of economists and policy analysts with an offhand comment that may have suggested a significant shift in the United States' trade policy. According to reports, Trump and his administration are looking into a "reciprocal tax" on imports, which Trump said would apply to imports from countries that "are so-called allies, but they are not allies on trade." According to a report by Business Insider, the suggestion of imposing higher taxes on imports, essentially a tariff, has raised alarm among economists and analysts who have warned of a possible increase in protectionist trade policies under Trump.

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