Long before he was president of the United States, Donald Trump railed against the country's trade deficit, incorrectly equating it to an economic loss. As president, he is finally in a position to do something about this perceived problem. At the beginning of the month, the president announced tariffs on steel and aluminum imports, the second round of tariffs his administration has imposed.
As the U.S., long a standard-bearer for free trade, adopts a more protectionist posture, here are seven things investors (and citizens) need to know about the state of U.S. trade.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.