Rising protectionism has the potential to have major negative effects on many European companies, yet firms have been largely absent from the public conversation. Why?
Some gifts may soon get more expensive.
imtmphoto/Shutterstock.com
New tariffs on $160 billion of Chinese goods including smartphones and sneakers are set to take effect on Dec. 15.
Japanese Prime Minister Shinzo Abe has played a lot of golf with President Donald Trump over the past two years.
Japan's Cabinet Public Relations Office via Kyodo/via Reuters
Japanese Prime Minister Shinzo Abe needs the US to confront North Korea, revitalize Japan’s economy and boost his standing at home. And he knows flattery is the way to this president’s heart.
A cargo ship owned by Yang Ming departs New York harbor on April 9, 2018.
Spencer Platt/AFP
The economic theory of comparative cost advantage is more akin to natural law – it can’t be wished away. And during the ongoing trade war ignited by Donald Trump, it has never been more relevant.
Heinz is why ketchup seemed to become distinctly American.
Reuters/Mike Blake
Canada recently slapped a tariff on US exports of the tomato-based condiment, and the EU plans to do the same, perhaps on the notion that it’s distinctly American. In fact, ketchup’s origins are global, as are its fans.
The U.S. is the biggest destination for Chinese foreign investment.
Jason Lee/Pool Photo via AP
If the US were to stop dumping these valuable metals in landfills and to cease exporting them as cheap scrap, its imports could fall, and there would be less of these metals being made from scratch.
Heads of state attended the G7 summit in La Malbaie, Quebec, on June 9, 2018. Top row: European Council president Donald Tusk, UN Secretary-General António Guterres, International Monetary Fund Managing Director Christine Lagarde. Bottom row: Seychelles President Danny Faure, French President Emmanuel Macron and German Chancellor Angela Merkel. US president Donald Trump’s recent protectionist moves were at the top of the agenda.
Ludovic Marin/AFP
After the G7 fiasco, it’s clear that a trade war is in the making. US justifications of “national security concerns” for its tariffs suggest a legitimate target for EU countermeasures: coal.
Trump against the world?
Jesco Denzel/German Federal Government via AP
International trade policy requires three traits to be successful and lead to mutual prosperity. Trump’s is missing all three, as he showed at the G-7 summit.
US tariffs could potentially benefit some EU firms that rely on steel and aluminium.
Prime Minister Justin Trudeau meets with U.S. President Donald Trump in the Oval Office of the White House in Washington, D.C. in October 2017. Trump’s tariffs on Canadian aluminum and steel simply reflect a broader U.S. philosophy on international trade, and that doesn’t bode well for Canada.
THE CANADIAN PRESS/Sean Kilpatrick
The underlying problem with Donald Trump’s tariffs on steel and aluminum isn’t Trump. It’s the increasing willingness by the U.S. to impose its will on its neighbours amid rising economic nationalism.
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.
South African President Cyril Ramaphosa and his team meeting international investors and business leaders in London.
GCIS/ Elmond Jiyane
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.
Business such as California winemakers could be hurt by the new tariffs as a result of retaliation.
AP Photo/Mark Schiefelbein
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.
A finished steel coil is marked with its information by a worker at a mill in Farrell, Pennsylvania.
Reuters/Aaron Josefczyk
A global trade war seems well underway as China and the US exchange targeted tariff attacks. An economist explains what they are, how they work and why they matter.