First shots fired in trade war

by | Jul 9, 2018 | Trade Working Blog

Economy Hub: D-Day for Trump trade war. NZIBF Director Stephen Jacobi discusses the potential impact, and the risks for the international trading system, with Liam Dann at the NZ Herald. Watch the full interview here. 

After a long phony war, opening salvos have been fired.  Both the United States and China are now applying “tit for tat” tariffs to each other’s exports.  And there is a risk of the conflict spreading, particularly as other trade partners of the US react, as the EU has already done, to  US tariffs on steel and aluminium.

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