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.
The Trudeau government is punching back with tariffs on American goods. But is it really a good strategy?
THE CANADIAN PRESS/Sean Kilpatrick
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.
President Donald Trump makes a comment at the White House in March 2018, when he signed proclamations on steel and aluminum imports. Watching as Trump leaves are, from left, Commerce Secretary Wilbur Ross, Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer.
(AP Photo/Susan Walsh)
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.
Prince Oguguo argues the motion, “The impact reflected by Trump is here to stay.”
Grenoble Ecole de Management
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.
Whether or not China and the US are successful in negotiating out of a trade war and restoring the integrated global economy, there will still be strategic tensions between the nations.
THOMAS PETER / AAP
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.
Foundries in South Africa are the hardest hit by rising electricity costs.
Shutterstock
High municipal electricity tariffs pose a serious threat to South Africa’s machinery and equipment manufacturing industries.
In this November 2017 photo, U.S. President Donald Trump, left, and Chinese President Xi Jinping prepare to shake their hands after a joint news conference at the Great Hall of the People in Beijing. The China-U.S. trade conflict is about far more than trade; it’s about American efforts to change how China deals with the world.
(AP Photo/Andy Wong)
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.
Stacks of used clothing are seen in this African warehouse. The U.S. is retaliating against countries that are restricting the import of American used clothing, a marginal industry for the U.S. but a critical one for some African nations.
(Shutterstock)
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.
In this November 2017 photo, U.S. President Donald Trump talks to Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing. The brewing China-U.S. trade conflict features two leaders who have expressed friendship but are equally determined to pursue their nation’s interests.
(AP Photo/Andy Wong)
“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.
Some Napa and Sonoma Valley wineries are worried about the China tariffs.
AP Photo/Eric Risberg
While the proposed tariffs would have little effect on US wine sales in the short term, their long-term impact could be much more problematic.
Australian beef producers will be much more competitive in exporting to China as their American competitors have to grapple with the 25% tariff on their beef.
Dan Peled/AAP
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.