Another Trump trade war? Foreign leaders and execs brace for impact.

News Snapshot:

The Republican presidential frontrunner is reportedly considering up to a 60 percent tariff on all imports from China and a 10 percent “universal” tariff on all other trading partners if he wins reelection in November. But Trump, in his usual style, has refused to commit to any specific numbers, saying on Fox Business this Sunday that tariffs on China could even be higher than recent reports. In a sign that even some of his own advisers don’t know what’s in Trump’s head, one former Trump trade official said the reported tariff plans have “always been a negotiating tactic.” “I don’t...