Trump Trade Wars

Updates on US trade initiatives under President Donald Trump

Explainer: Where is the Trump trade war heading and what’s the alternative?

July 25, 2018: The US Trump administration is escalating its America First strategy of using its power as the world’s strongest economy to get more benefits for US corporations from individual trading partners, in the hope of domestic political advantage in the mid-term Congressional elections due in November 2018. But there are long-term consequences for the global economy and the global trading system.

Trump tariff threat to China as US shifts focus to new FTAs

March 26, 2018: US trade policy has become more dangerously unilateral and contradictory.

US President Trump  threatened on March 23 to impose tariffs on US$60 billion of Chinese exports to the US after a “consultation” period. This is also linked to US strategic and military competition with China. China has threatened to retaliate with its own tariffs on US goods, resulting in a trade war and economic instability. Global stock markets plunged in response to the news.

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