If you want to know why trade wars are bad, you could do worse than talk to some of the many thousands of people employed and sustained by the Irish Whiskey industry. Those people, most of them normal and blameless folks who have done nothing to offend the United States or its President, now face the possibility of their single biggest export market being closed to them by Mr. Trump, at the possible cost of many of their jobs.
Their fate will of course be shared by some Americans, particularly those working in the agriculture sector of the American economy, who have just learned that the European Union will respond to Trump’s tariffs on steel by targeting American farmers and their products entering Europe.
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