Trump’s trade war goes global: U.S. president blows up postwar order

News Snapshot:

After spending a few weeks pounding on Canada and Mexico, Donald Trump turned his attention Wednesday to a whole new target: the rest of Planet Earth. The U.S. president broadened his trade war by imposing the widest set of tariffs in generations, effectively resetting the postwar trading system. The only good news for Canada, such as it is, is that when Trump came swinging fast and furiously with new tariffs, it took no new lumps. The good news ends there. The bad news is that previously announced tariffs will remain in place: potentially devastating auto tariffs that kick in Thursday,...