Trump's trade war looks set to be a costly affair

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President Trump’s latest trade war salvo has not been warmly welcomed in countries facing tariffs on their steel and aluminium exports – Mexico, Canada and the EU – or in the US itself. The automotive trade is expecting disruption and higher costs, while the CEO of the American Apparel & Footwear Association, fearing retaliation, told Bloomberg: “To make this move against our closest allies, especially during the renegotiation of Nafta, creates more difficulty and chaos for the business community. Let’s be ...