Union Pacific CEO says Trump’s trade policy is on the wrong track

The head of one of the two largest freight railroad companies in the U.S. on Thursday offered a strong defense of international trade and a comprehensive critique of the Trump administration’s trade policy – including its approach to NAFTA, China and Section 232 tariffs on steel and aluminum – which he said risked derailing economic growth. Trump’s trade actions are driving up costs for consumers, chilling investment with prolonged uncertainty and isolating the U.S. at a time when it needs...