The Trump trade war has blown past the realm of tariffs. The White House plans to hit back at any measure undertaken by trading partners that it believes disadvantages U.S. exporters. Why it matters: The Trump administration is ushering in a new era in which trade policy is managed country by country,

A growing number of countries, including American allies, are striking trade deals as the Trump administration erects a higher fence around its global commerce.

President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he announced Thursday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike.