President Donald Trump is attempting to change US trade policies and it is causing some tension around the world. If President Trump actually causes a Trade War, it may hurt the US more because it would cause the US inflation rate to rise.
"My view is that, actually, the Trump administration, for which, I would have voted for Mr. Trump, but he proves every day that he's a completely clueless individual. He says one thing and then does something totally different. He changes his view all the time. And I think, quite frankly, there is a trade war which maybe won't happen, but if there is one, the U.S. will be the big loser, because consumer prices in the U.S. will go up and that is not desirable at the present time, as the Fed is already tightening and interest rates have been rising, so what it will mean is, if there is a trade war, initially the dollar will actually rally. But this is precisely what the U.S. shouldn't have, a very strong dollar."
via www.moneymetals.com/podcasts/2018/04/27/can-us-be-trusted-to-hold-everyones-gold-001465