Sentences with phrase «sparking trade wars»

But without a consensus from the economic community, it would be unwise to risk stamping out the economic recovery by sparking a trade war with China over currency disputes or drastically reducing the budget deficit.

Additionally, retaliatory measures from other countries could spark a trade war.

Instead, Trump has aggressively pursued tariffs that may initially satisfy his supporters» desire to crack down on China and other nations, but risk sparking a trade war that could devastate some of the American industries that Trump has pledged to protect.

But Snaith warns that Trump's threats of punitive tariffs on countries engaging in unfair trade practices or currency manipulation could spark a trade war that would raise the risk of a national recession.

America's eagerness to strike a deal on its biggest trade pact comes as U.S. stocks tumbled, falling in seven of their last 10 trading sessions on concern President Donald Trump's protectionism could spark a trade war.

But we need to do so in a way that we do not spark a trade war.»

Calabria's remarks appeared to reassure investors that the administration is working to reach an amicable trade deal rather than spark a trade war.

And if Trump's steel and aluminum tariffs spark a trade war that would be really bad news for the service sector, which benefit from imported goods.

Navarro holds extremely hardline views on China and could encourage the president to spark a trade war with the country, which has the second - largest economy in the world.

Trump's decision to seek steep tariffs on steel and aluminum imports has provoked rarely seen urgency among Republicans, now scrambling to convince the president that he would spark a trade war that could stall the economy's recent gains if he doesn't reverse course.

If the new Trump administration uses its executive power (which it can) to implicitly or explicitly raise tariff barriers, it could easily spark a trade war.

Those tariffs, however, didn't spark a trade war — when a country that is the subject of new tariffs starts raising taxes on imports from the instigating country.

Not exact matches

The last full - blown global trade war was sparked by the infamous Smoot - Hawley tariff of 1930.

The White House seems to be ignoring pleas from many Republican politicians and industrialists (such as Charles Koch) to avoid broad tariffs, which seem likely to spark an international trade war.

SYDNEY, March 16 (Reuters)- The Association of Southeast Asian Nations (ASEAN) and Australia reject protectionism, Australian Prime Minister Malcolm Turnbull and his Singapore counterpart said on Friday, amid fears about a possible trade war sparked by U.S. plans to raise tariffs on steel and aluminium imports.

SYDNEY, March 16 - The Association of Southeast Asian Nations and Australia reject protectionism, Australian Prime Minister Malcolm Turnbull and his Singapore counterpart said on Friday, amid fears about a possible trade war sparked by U.S. plans to raise tariffs on steel and aluminium imports.

Their main reasons for panic were that the Chinese government could retaliate with its own tariffs on U.S. goods; that steel and aluminum prices would rise, causing a ripple of inflation; and that Trump's move would spur a full - blown trade war, slowing the economy and potentially even sparking a recession or depression.

Trump has proposed a 25 percent tariff on steel imports and 10 percent on aluminum imports, sparking fears of a trade war.

Even if new tariffs spark an international trade war, Trump is confident the United States would come out on top.

Since then, there has been additional tariffs also imposed on China, sparking fears of a global trade war.

The Bill 12 legislation and the trade war escalation it might spark would damage Alberta and Canadian businesses and citizens as well as those in British Columbia, warned Greg D'Avignon, CEO of the Business Council of B.C.

The prospect of a trade war being sparked by the imposition of Trump's proposed tariffs rattled financial markets last week.

Top economic adviser Gary Cohn announced his resignation on Tuesday, after he was unable to convince Trump that imposing tariffs would spark an unproductive trade war.

Kinder Morgan's 1,000 - kilometre expansion project has become a national rallying cry for environmentalists, sparked protests from Indigenous communities, caused a trade war between two provinces and brought about the arrest of a federal party leader.

Would this spark serious trade wars?

President Trump announced tariffs on steel (25 %) and aluminum (10 %), and engaged in trade rhetoric sparking fears of a potential trade war.

Cohn has been fiercely battling the president and an influential contingent of anti-free trade advisers in the White House over Trump's plan to impose sweeping tariffs on steel and aluminum import, warning that it could spark a major trade war.

His departure comes at President Trump prepares to impose tariffs of 25 % on foreign - made steel and 10 % on aluminum, sparking fears of a trade war.

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I'm afraid that a trade war or some other catalyst will spark a big downturn and I'll lose most of my money.

While talk of tariffs and trade wars sparked selling pressure toward the end of the quarter in the domestic markets, investors abroad shrugged off the discussion and the major international indices finished the period down slightly.