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Solomon

Protectionism

29 posts in this topic

On 1/27/2017 at 9:14 PM, cobran20 said:

He can tax the billions that Mexicans send home. The Mexicans have more to lose than the US. Providing Trump has the support of his constituents, tariffs are going to be implemented by the US and I expect other developed countries as well. Globalisation has left many unskilled in western countries destitute as their jobs have been exported (and also by automation).  They will support anything and anybody that can provide them with meaningful jobs.

Delivering on an election promise. The cycle is now turning towards closed borders and anti-globalisation.

Trump steel tariffs stoke trade war fears

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It sounds like this will have waves of ramifications.

Trade wars historically tend to lead to hot wars.

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13 hours ago, Mr Medved said:

It sounds like this will have waves of ramifications.

Trade wars historically tend to lead to hot wars.

global walls threatening to rise...

In the face of US trade war, EU threatens to impose tariffs on Harley-Davidson, bourbon and Levi's

Quote

... The European bloc suggested it will impose tariffs of its own and has even drawn up a list of US products it will apply them to if Mr Trump follows through on his plan...

... But it says it will conform with World Trade Organisation (WTO) rules, meaning such measures would have to apply to imports from all countries and could also hit producers including China, India, Russia, South Korea and Turkey...

...Canada, China, Japan and Mexico are also considering if they will retaliate.
"These tariffs are very likely to accelerate a tit-for-tat approach on trade, putting US agricultural exports in the crosshairs," executive director of Farmers for Free Trade, a group defending NAFTA at the talks, Brian Kuehl said....

 

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