National

Pro Rata

Axios Pro Rata

U.S. Commerce Secretary Wilbur Ross today spoke to CNBC about the anti-China tariffs introduced today by President Trump, and the negative stock market reaction. His primary message:

Trade war is a matter of definition. You could argue that there has been a trade war underway for decades. 

Wilbur Ross downplays novelty of anti-China tariffs

Business

Trump trade war

World

Politics

Trade war

<p>U.S. Commerce Secretary Wilbur Ross today <a class="gtmContentClick" data-vars-link-text="spoke to CNBC" data-vars-click-url="https://www.cnbc.com/video/2018/03/22/commerce-secretary-ross-i-dont-think-were-starting-a-trade-war.html?play=1" data-vars-content-id="b83f32ad-a148-4667-8c9f-b21d1ce89c52" data-vars-headline="Wilbur Ross downplays novelty of anti-China tariffs" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.cnbc.com/video/2018/03/22/commerce-secretary-ross-i-dont-think-were-starting-a-trade-war.html?play=1" target="_blank">spoke to CNBC</a> about the <a class="gtmContentClick" data-vars-link-text="anti-China tariffs" data-vars-click-url="https://www.axios.com/trumps-anti-china-tariffs-will-have-30-day-public-comment-period-79942c81-37d5-42f4-8d9d-48c9e3aa826b.html" data-vars-content-id="b83f32ad-a148-4667-8c9f-b21d1ce89c52" data-vars-headline="Wilbur Ross downplays novelty of anti-China tariffs" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/trumps-anti-china-tariffs-will-have-30-day-public-comment-period-79942c81-37d5-42f4-8d9d-48c9e3aa826b.html" target="_self">anti-China tariffs</a> introduced today by President Trump, and the <a class="gtmContentClick" data-vars-link-text="negative stock market reaction" data-vars-click-url="https://www.axios.com/why-the-markets-are-tanking-1521735592-6ba96074-6b60-410f-b5c0-2fc436954485.html?source=sidebar" data-vars-content-id="b83f32ad-a148-4667-8c9f-b21d1ce89c52" data-vars-headline="Wilbur Ross downplays novelty of anti-China tariffs" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/why-the-markets-are-tanking-1521735592-6ba96074-6b60-410f-b5c0-2fc436954485.html?source=sidebar" target="_self">negative stock market reaction</a>. His primary message:</p><blockquote>Trade war is a matter of definition. You could argue that there has been a trade war underway for decades. </blockquote><span data-ad-status="NO_AD_LENGTH" data-ad-type="midStoryAd"></span>

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Wilbur Ross downplays novelty of anti-China tariffs

Go deeper