The looming trillion dollar trade war

As of July 6, 2018, the United States hiked tariffs on $34 billion worth of Chinese goods. If the standoff continues it will be a first step in what could become an accelerating series of tariffs. China has said that it counterattack. This is also not the only

trade war

in the offing. The US has threatened to impose tariffs on the EU and US trade tariffs are already in place on some imports from Canada, Mexico, South Korea, Malaysia and India. Together, these could impact trade over a trillion dollars. Here’s more…