One thing you can say in favor of President Donald Trump's announcement Wednesday from the Rose Garden: He did what he promised during the campaign.

For months as stock markets gyrated on news and rumors of Trump's tariff plans, with the president making protectionist pronouncements and then backtracking in the face of resistance from affected industries, the overarching question in the minds of economists, institutional investors and company executives has been: Will he really go through with it? Will he really risk the future of the U.S. economy on an economic philosophy that dates back centuries?

We have our answer. He meant it. And he means it.

Like it or not, Trump has just launched a full-scale global trade war.

It wasn't........

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