Commerce Secretary Wilbur Ross said that “trade wars are fought every single day” but “the difference now is U.S. troops are now coming to the ramparts” at the World Economic Forum in Davos, per CNBC.
Why it matters: The comments from Ross — already on the outs with President Trump over his work on China — go directly against those of his boss. At a signing ceremony yesterday to issue tariffs on cheap Chinese imported solar panels and washing machines, Trump told reporters: “There won’t be a trade war, by the way. There will only be stock increases for the companies that are in this country.”
