In a two-week span, U.S. President Donald Trump ordered up an array of tariffs against numerous countries, blocked Chinese takeovers of U.S. companies and sought new restrictions on future Chinese investment. Economists are warning that the world is on the verge of an all-out trade war, featuring tit-for-tat reprisals, heated rhetoric and appeals to the World Trade Organization, which may be ill-equipped to respond.
What Is A Trade War? Here’s What Economists Are Worrying About
Andrew Mayeda and Bryce Baschuk / Bloomberg, Time: Politics
Sat, 03/24/2018 - 11:21am
Topics: u.s president donald trump pandora&rsquo smoot-hawley act congress great depression president george w bush u.s international trade commission peterson institute international economics bush&rsquo he&rsquo european union twitter north american free trade agreement trans-pacific partnership america&rsquo belt u.s.&rsquo the u.s wto&rsquo u.s yes take federal reserve u.s trump u.s chinese world trade organization trump&rsquo china american bush in eu european march wto economists trade war tariffs countries steel imports retaliation percent security wars deals industries respond protect goods barriers actions billion decades growth products slower numerous threat property impose exports restrictions largely theft companies markets appeals retaliated steel-making exempted aluminum warned temporarily protectionist hit job base nations intellectual product licensing clause maintain imposing domestic law
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