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Trump’s Proposed Tariffs Spark Fears of Trade War, Price Hikes

U.S. President Donald Trump’s threat to impose steep tariffs on steel and aluminum imports sparked concerns of a trade war Friday, with emerging markets trading lower and some world leaders threatening to take retaliatory measures. Japan’s Nikkei share average fell to a more than two-week low Friday. The Nikkei ended 2.5 percent lower at 21,181.64 points, its lowest closing since Feb. 14. “Automakers will have to bear the cost, and they may also have to raise prices while auto sales...

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