Daily signal

Can Donald Trump Win a Trade War?

President Donald Trump knows better than to treat the “honeymoon” a president gets in his first months of office as a time to relax. He’s fighting as hard now as he did at the height of last year’s campaign.

He’s even started what critics call a trade war.

Every week, the White House astonishes liberals—and often conservatives, too—with dramatic actions on every front from immigration to Ukraine.

Much of the media is in a daze. Democrats are dizzied and disoriented.

The president knows how to keep his enemies, and more than a few friends, off-balance.

But there’s a logic to this whirlwind of policy change: Trump knows his clock is running.

The tariffs are the biggest risk Trump is taking in domestic policy.

If this is a trade war, its stakes are existential for the administration, with the potential to cost Republicans dearly in next…

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