To the displeasure of China and South Korea, the Trump administration in January levied steep tariffs on imports for washing machines and solar products, and it hinted at more trade measures to come. The following day, the president voided U.S. involvement in the 13-nation Trans-Pacific Partnership. And in early February, a European Union official threw doubt on a transatlantic trade partnership with any country that withdraws from the Paris climate accords, which the Trump administration signaled last summer that it plans to do. The North American Free Trade Agreement stands squarely in the crosshairs.
Look for more global trade deals to come under pressure when mood grows more negative.
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