The Trump administration recently imposed tariffs of up to 25 percent on foreign steel and aluminum – including from the EU, Canada and Mexico, the three biggest markets for American goods.
From a public relations perspective, the Canadian government’s retaliatory tariffs against the U.S. are a win. But the tariffs on everything from mayo to orange juice will hurt Canadian consumers.
Donald Trump’s ‘Art of the Deal’ may be all about talking tough, bluffing and bullying, but as any poker player knows, there comes a time to call a bluff. If there ever was such a time, this is it.
In the second article in the Oxford-style debate series “The impact reflected by Trump is here to stay”, Prince C. Oguguo argues that Donald Trump’s impact will outlive his presidency.
Yixiao Zhou, Curtin University and Rod Tyers, The University of Western Australia
We modelled a number of scenarios showing all increases in US or Chinese trade protection would cause international trade, and the global economy more generally, to shrink.
Patrick Conway, University of North Carolina at Chapel Hill
This speed read explores why it’s hard to stop manufacturers in specific countries from dodging trade barriers by pretending that their goods come from somewhere else.
The top U.S. foreign policy goals in Africa evidently no longer relate to human rights or democratic freedoms, but to protecting tiny, marginal American industries.
“Honesty is the best policy” is hardly a hallmark of the Trump régime, so China would have been smart to pursue a more honest, less manipulative path in its simmering trade war with the U.S.
The $60 billion in tariffs targeting China not only risks sparking a trade war, they represent a rejection of the WTO’s much more effective way of dealing with unfair trade practices.
While the tariffs are unlikely to stem Chinese intellectual property theft or reverse the steep trade deficit, they are certain to hurt American companies and consumers.
Part of the purpose of trade deals is to prevent politicians from inserting politics into matters of commerce. Donald Trump is bucking that trend. What does it mean for Canada and NAFTA?