Inside the real trade fight
The Trump administration is at war with itself over a highly controversial plan to impose massive tariffs on steel and aluminum. Using an arcane law, the plan would describe the global glut of both metals as a national security threat to the United States.
Trump's senior advisers — Gary Cohn, Steven Mnuchin, Rob Porter, James Mattis and Rex Tillerson — think it would be a calamity if the president uses this law, called Section 232, to introduce steel and aluminum tariffs. They argue it would alienate allies in Europe and Canada, blow up the World Trade Organization, and send shockwaves through global markets.