Will Trump's tariffs lead to a global trade war?

Dona Ferentes said:

good resuscitation of v.1

was the first term just a dress rehearsal?

Not many of the old "advisers" / bullet-point compilers seem to around from those days.

Click to expand...

TimeISmoney said:

Not surprising, Trump's in la la land.

I think it's going to be 4 years of unstable economies and unpredictability due to his desperation.

Still thinks he's going to take over Canada and Greenland while the Chinese are on his back.

Click to expand...

DannyB0000 said:

I think it's foolish to think other countries wouldn't retaliate against Trump's tariff war, China definitely has and Canada has shown a lot of guts with tariffs of it own, The EU could be next joining the conflict. Americans will soon be with higher price rises for anything that's imported, unless you believe Trump's point of view. There's a historical precedence for a global trade war started by the Americans. Smoot and Hawley Tariffs 1932, the Trump administration have chosen to ignore history.

Click to expand...

qldfrog said:

But isn't it the whole story?
increasing price for imported products in the US is the aim. So yes they will be dearer.
History is different because the US do not export anywhere as much and import so much more than in 90y ago.
There is a supremacy war being clearly won by China, and this is critical for the US as the end of the USD supremacy would collapse the US economy and finances.
Not doing anything is not an option for the US.
At one stage, you have reach the wall and can not kick the can further.
For us, what's happening to Australia should be our focus, and it will not be rainbow and lollipops.

Click to expand...