Although I understand President Trump's wish to impose heavy tariffs on steel imported at knock-down prices from China, he must know the Chinese will likely retaliate against the USA. A trade war could follow.
As many in the USA could lose jobs as are gained in the steel industry. He is treading a very dangerous path. Those "adding value" in the USA (such as car manufacturers) will have to bear higher costs with steel costing more.
There is no guarantee that the republicans will come out on top in the mid term elections in the USA later in the year. We have to be very careful and realise we live in a very interconnected world these days. The USA does not, and cannot, live in splendid isolation.
We cannot turn clocks back to the 1950s in the USA or the UK. This is 2018 and not 1952.
Showing posts with label trade. Show all posts
Showing posts with label trade. Show all posts
23 Mar 2018
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