/Tag: protectionsim

Will Trump’s tariff tantrums spark off a global trade war?

2019-07-31T13:03:12+00:00February 23rd, 2018|2017/2018, Country Focus, UK Edition - March 2018, Year|

The signs are ominous. Recent utterances by the US President and top administration officials point towards more punitive import tariffs and entry restrictions to protect American industry. This could beget retaliation from China and others and seriously undermine the incipient global economic recovery. The bull has entered the China shop and though it hasn’t started rampaging yet, its first moves suggest that it could just be warming up. US President Donald Trump has imposed high import duties on washing machines [...]