Trump pledges second-term tit-for-tat tariffs: ‘It’s called you screw us, and we screw you’

News Snapshot:

Former President Trump on Friday signaled he would engage in escalatory trade wars with foreign nations if reelected, a tactic he employed during his first term that economists have warned could worsen inflation. Trump, speaking at a rally in South Carolina on the eve of the primary there, told supporters that would enact the “Trump Reciprocal Trade Act” if he wins a second term. “If China or any other country makes us pay a tariff of, let’s say 100 [percent], or 200 [percent], or even 300 percent, and they do that, we will make them pay a reciprocal identical tariff...