How will President Trump’s protectionism go over at the elite World Economic Forum meeting in Davos, Switzerland, which draws leaders who believe in globalism and free trade?
The president will cast himself as a friend to farmers in a speech on Monday, but his position on trade and some parts of the new tax law threaten to undercut their interests.
The president has said he wants tariffs. He’ll have chances to impose them.
Other countries may need to cut corporate taxes to stay competitive. But companies outside the United States also worry the bill discriminates against them.
More than 100 business and industry leaders lobbied senators on Tuesday in an effort to preserve Nafta.
Economists may argue that trade deficits are ultimately irrelevant. But they have wounded American workers.