President-elect Donald Trump campaigned on a promise of a trade war more extensive than anything Americans have seen in decades. His proposals include a new 20 percent “universal” tariff on all foreign imports and hiking tariffs on China to 60 percent. In the six weeks since he won a second term, he has used social media to threaten tariffs against Canada, Mexico, the BRICS—a nine-member bloc of countries founded by Brazil, Russia, India, China, and South Africa—and other targets.
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