New tariffs on Chinese imports are on, even as Canada and Mexico won a reprieve. Could the European Union be next? And how is the president defining victory?

The United States and China are officially in a new trade battle. Is the European Union the next front in President Trump’s fight?Agence France-Presse — Getty Images

The trade fight with China is officially on, with Washington and Beijing exchanging blows that could raise prices on an array of goods. And President Trump has threatened to target the European Union next.

But as Monday’s whirlwind of news, including last-minute reprieves for Canada and Mexico, showed, it’s hard to figure out what Trump will use to declare victory — or what the costs of the tariffs-as-policy approach will be. We dive into all of this below.

Also, we have a scoop on a top deal

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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