Trumps Trade War (ThinkTech Asia)
President Trump’s announcement last week to impose across the board tariffs of 25 percent on steel imports and 10% on aluminum has caught the world off guard. Although no further final details were expressed, Trump’s announcement has reverberated across the world, causing plummeting stock prices and concern for a global economic fallout. Although countries were not expressly targeted, there is concern for a potential trade war with China. What is China’s reaction? But, global experts warn that this may be the start of a trade war by the U.S. which may undermine the existing WTO framework and lead to its demise. Also, global experts warn that America has more to lose by a trade war. Join Russell Leu and Jay Fidell for a fascinating discussion on the latest fallout caused by President Trump’s decision to impose tariffs on steel and aluminum imports.