An impending decision on steel imports is shaping up to be a litmus test for how the Trump administration will deal with trade issues: through the framework of free markets and open borders or through anti-growth protectionist measures. Many longtime European allies voiced their concern and opposition to potential U.S. protectionist measures on steel during Trump’s second European trip as president. To foolishly abandon a decades-long march toward open markets would further antagonize key allies and could set the stage for a broader trade war that would harm the U.S. economy.
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