“We’re putting the trade war on hold,” U.S. Secretary of Treasury Steven Mnuchin said on “Fox News Sunday,” nearly two weeks ago. That didn’t go down well with President Trump who promptly restarted the trade war. Not only did Trump step up trade penalties on China, announcing a few days ago that tariffs on $50 billion worth of Chinese goods would go forward, but he moved to impose tariffs on Canada, Mexico and the European Union, the U.S.’ closest allies and trade partners. The tariffs will include a 25 percent levy on steel and 10 percent on aluminum. Months ago, Trump proposed these tariffs, but repeatedly offered exemptions to allies while U.S. officials negotiated with their counterparts to come up with a resolution. But, the U.S.’ trade partners refused to give ground, especially since the Trump administration subsequently launched an investigation into automotive imports , which led the EU, […]