Why Trump Wants Trade War The U.S. media is emphasizing the impending harm from steel and aluminum tariffs to be imposed by President Donald Trump. These include Europe’s threat to retaliate with tariffs on Kentucky bourbon, Wisconsin motorcycles and Hollywood movies. Swedish Prime Minister Stefan Löfven correctly warned in Washington today, “Increased tariffs will hurt us all in the long run….” However, trade wars are not one and done. Retaliation by Europe, for example, would lead to counterretaliation by the U.S. and then counter-counterretaliation, etc. This is the slippery slope hoped for by President Trump since he believes that scenario works to the favor of a large trade deficit nation like the U.S. Bo...