Trade war

"I hope they will negotiate with us fair trade and they hope that they will open their markets like us," Trump said.

Trade disputes between the two countries have seen that the US imposes tariffs of worth $ 250 billion worth in response to what the United States has said about unfair trade practices in China - I mentioned that there is customs duty

We live in an uneven world surrounded by the noise of the trade war. A typical representative of free trade is to seek tariffs, but historical protectionist countries hope to resist it. So what does the trade war mean? When countries restrict foreign countries to harm each other's trade. This is novelty - a lot of trade war has occurred due to the existence of transactions. In 1689 King William Orange Kingdom imposed high tariff on French wine. At some point in the next century, Adam Smith pointed out that the biggest beneficiary of the tariff is a smugglership, if tariffs are effective, Scotland will start making their own wines.

In retrospect it turns out that the first major trade war in the 21st century is Brexit. Second, the tariff of cards. Third, it is retaliation from China and Europe. I read a tweet from a famous American intellectual, "Thank you, okay, these trade wars may hinder the real war." I have to laugh. Of course, the trade war was before the real war. The world economy has been hit by humanity for a long time. Now it begins to crash - explodes, breaks and crashes. Cultural aspects are foreign aversion, paranoia, extremism. However, the economy is in a desperate fight against the economy that can not satisfy all serious isolationism, conflict, breakdown of agreement, and all economies. After all, why do we have to fight?

The trade war may lead to a global recession, but that is unlikely. The United States failed the EU trade war: the EU is the most protected market in the world and the United States has a big trade deficit with most trading partners. President Cardhrop is only seeking equal competition conditions for the United States. 25% of imported steel tariffs and 10% of aluminum import tariffs should be regarded as the position of negotiation: this is the first time in the United States to take care of themselves for decades. This will have a very compelling effect on North American free trade agreements and ongoing TP renegotiation: negotiators now know that cards do not have to accept bad deals in order to get results I will. If he can not get a fair deal and is giving a balance to an American company, his back position is not a bad deal and there is no transaction at all. In the North American Free Trade Agreement, Canada and Mexico lost much more than the United States.