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Articles on Trade wars

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CEO Tim Cook built Apple’s vast supply chain, which stretches from China to Europe. Reuters/John Gress

We estimate China only makes $8.46 from an iPhone – and that’s why Trump’s trade war is futile

The president launched a trade war largely on the premise of a massive trade deficit with China. A closer look at the iPhone shows why he’s wrong.
A 1792 painting by artist James Gillray portrays the Macartney Embassy mission to China, when the British ambassador was rebuffed by the emperor after offering western goods. There are parallels in Chinese history to Donald Trump’s isolationism. British Museum/1868,0808.6228

Lessons in Chinese history as America shuts off from the world

China turned inward during the Industrial Revolution after being a economic powerhouse for thousands of years. There are lessons about the dangers of Donald Trump’s isolationism in Chinese history.
U.S. President Donald Trump left the recent G7 summit in a fury about Justin Trudeau and vowing an escalated trade war. Canadians are responding by going Trump-free at the grocery stores – but it will likely be short-lived. (AP Photo/Evan Vucci)

Canadians are going Trump-free – until it becomes too expensive

Every now and then, Canadians will take a stand against the U.S. by choosing Canadian items over American ones at the grocery store. Unless they cost more – and most often, they do.
U.S. President Donald Trump, seen here in a February 2018 photo, has a beef with trade deficits. Yet running trade deficits with Asian countries has long spurred American spending and consumption. (AP Photo/Evan Vucci)

Donald Trump’s misguided aversion to trade deficits

Donald Trump’s obsession with trade deficits, and his subsequent wielding of the tariff big guns, is the absolute wrong approach for the U.S. economy.
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

Trade war with the United States: a positive outcome for Europe?

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.
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

How Trump’s tariffs are much bigger than Trump

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.
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

What’s at stake in the tariff negotiations between the US and China

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.
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)

The China-U.S. conflict is about much more than trade

The recent U.S. trade mission to China failed, allowing no space for future compromise. What follows will likely be much more than a simple trade war.

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