President Donald Trump shows no signs of budging from a trade policy that many Americans don't like as the midterm elections loom. His import taxes have stoked inflation and there's been no big manufacturing renaissance yet, as the Republican had promised. Trump believes that imposing the highest import duties on U.S. trading partners since the Great Depression is a winner. A recent poll suggests that’s a big gamble. Trump is taking a sledgehammer to a relatively open global trading system that many mainstream economists think has benefited the U.S. enormously
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