Former President Donald Trump's trade war with China did not work out as planned, and one of his former advisors is finally admitting as much.
This week, Semafor's Morgan Chalfant wrote about the potential trade policies of a second Trump administration. Toward the end of his first term, Trump reached a $200 billion deal with China. For his possible second term, though, Trump has suggested a 10 percent tariff across the board on all imports, with additional tariffs as high as 60 percent on goods from China, the country's third-largest trading partner.
