Trump’s trade war is back on
The threat of a global trade war is back. The Trump administration has announced that the US will impose tariffs on aluminium and steel imports from the European Union, Canada and Mexico. The EU is already promising to respond to Trump’s tariffs in kind. It is all too easy to see how this situation escalates. The EU slaps tariffs on bourbon and Harley Davidsons in response, an infuriated Trump then hits a slew of EU products with tariffs and on it goes. The Trump’s administration decision to impose tariffs is a historic mistake. Not only will it make these goods more expensive for the American firms that are using them
