Trump’s new import tariffs a threat to global growth

  • Trump imposes massive steel and aluminium import tariffs
  • This is a threat to global economic growth, affecting Canada and the European Union as much as it does China
  • May lead to a global trade war with other countries imposing import tariffs on US exports
  • US protectionism will lead to higher domestic prices and rising US domestic inflation
  • This can mitigate all the positive growth drivers from US tax reform
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Posted in Blog Post.

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