Trade War's Impact Ripples Across Industries
Standing in the Rose Garden this spring flanked by American flags, President Trump declared war on free trade.
Almost nine months later, instead of crumbling under the highest U.S. tariffs in almost a century, the global trade system has been recast along new lines.
The U.S. is buying less from China directly but more from Chinese-owned factories in lower-tariff places like Vietnam. China is exporting more to virtually everyone else, especially cheap stuff to Europe. Beijing's stranglehold on rare-earth minerals sparked new efforts to produce the raw materials integral to cars...
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