China recently responded to President Trump's initial threat of imposing massive tariffs on imports — namely a 25 percent tariff or $ 50 billion in levy announcements on agricultural and manufactured products — by dismissing this threat and not capitulating to Trump and his trade team. (michael-hudson.com)
After tweeting Friday that «trade wars are good, and easy to win» — a statement that flies in the face of both economics and history — he took a shot at European critics Saturday, saying: «If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S.» (fortune.com)
Pre-election promises to place massive tariffs on Chinese imported goods and to «tear - up NAFTA» could mean trading - wars that could seriously impede Canada's currently slow - growing economy. (moneysense.ca)