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Donald Trump.

People have started calling Trump’s draft bill to abandon world trade rules the ‘FART Act’

Axios reported on Sunday that the Trump administration had drafted a bill that would abandon the US's commitment to the World Trade Organization's rules. The draft legislation is called the United States Fair and Reciprocal Tariff Act, but many have shortened it to the "FART Act."
Chinese President Xi Jinping; US President Donald Trump.

The US intends to break the WTO to deal with the ‘multi-trillion dollar problem’ that is China

The United States, Europe and Japan are joining forces to break the World Trade Organisation (WTO) in order to solve the “multi-trillion dollar problem" that is China, a former diplomat to the WTO told Business Insider.
Christine Lagarde, head of the International Monetary Fund (IMF), attends a conference at the Cannes Lions Festival in Cannes

IMF: Clouds over the global economy are ‘darker by the day’

The managing director of the IMF, Christine Lagarde has warned that clouds accumulating on the horizon of the global economy are “getting darker by the day.”
From left to right: British Prime Minister Theresa May, German Chancellor Angela Merkel, US President Donald Trump, Canadian PM Justin Trudeau, French President Emmanuel Macron, Japanese PM Shinzo Abe, Italian PM Giuseppe Conte.

The ‘family photo’ at the G7 summit offers a glimpse of the tension among world leaders amid a bitter trade battle with the US

Seven world leaders are meeting in Canada over the weekend with the backdrop of US President Donald Trump's escalating trade battle with Canada and the EU and his advocacy of bringing Russia back into the group.

US Steel surges after new reports Trump will announce tariffs

The company gained last week after a Bloomberg News report said Trump was considering the tariffs.

US Steel surges after Trump reportedly said he wants the highest possible tariffs on metal imports

"It would be an action that no country has crossed since World War II, opening the way to a trade war,” one analyst said.

Here’s what happened the last time the US was reckless enough to try a steel tariff

The last time the US fought the world on steel it was under the Bush administration, and it didn't work out so well for us.