The automaker became the No. 1 exporter of American-made cars, transforming Spartanburg. Now it is weighing the impact of an escalation of the trade fight.
The Trump administration cited national security concerns in announcing that it was starting an investigation into imported uranium ore, a key ingredient in America’s nuclear arsenal.
The European Union is hunting for free-trade deals in Asia and Latin America to help compensate for lost business with the United States.
Uncertainty around trade poses a threat to economic growth, and we should not underestimate the risks.
The pain of a loss tends to be greater than the enjoyment of a win. That has big implications for trade, and also helps explain the politics of health care and taxes.