So is Donald Trump really about to trigger that trade war with China?
That was certainly the fear emanating from Washington last week when news emerged that the White House was engaged in serious discussions over using another long-dormant trade tool — Section 301 of the Trade Act of 1974 — to retaliate against China over its controversial intellectual property policies.
Section 301 is, as the Financial Times makes clear in an editorial published today, a blunt instrument in trade policy. And its use would be provocative:
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