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Showing posts with label Smoot-Hawley Tariff Act. Show all posts
Showing posts with label Smoot-Hawley Tariff Act. Show all posts

Thursday, July 12, 2018

Brian Giesbrecht: Are trade wars coming?


The Trump administration has unveiled a long list of punishing tariffs that will affect everyone. This time around they will not exempt Canadian steel and aluminium. 

Is this the beginning of a worldwide trade war, or simply a clever negotiating tactic by a President who sees himself as an expert on “the art of the deal” – an opening salvo in his campaign to get a better deal for American workers?

Obviously, we don’t know the answer to this question yet, as world leaders scramble to figure out their response.