Like real ones, the trade wars are being conducted on multiple levels.
There’s the phony war on Twitter, where Tariff Man goes to whip up his followers and rattle the nerves of his enemies.
A more sophisticated contest takes place in hotel conference rooms, the fighting pits of diplomacy. Negotiators go at each other for months, arguing over arcana such as rules of origin and tariff-rate quotas. Also in the frame are “stakeholders,” the trade-war equivalent of arms dealers, who wrap themselves in the flag, obfuscating their true allegiances.
Continue reading at the Financial Post ...