Global Trade

There is certainly scope to pursue China through the WTO and there is a lot the U.S. could be doing that we haven’t done. But the business community remains very nervous about wide-ranging tariffs.

When you look at the Trump trade policy, there’s a clear pattern that we’ve seen, which is very aggressive, very dramatic rhetoric in the announcement, and then when it comes time to actually implement the policy, it’s much more toned down and much more in line with historical U.S. trade enforcement policy.