As we look at the unfolding spectacle of global recovery being hijacked by President Trump's latest move, it may be worth examining what causes trade wars
and whether President Trump's assertion that it could be won is correct.
Trade Commissioner Cecilia Malmstrm said the EU neither wanted an escalation, nor shared the view that trade wars
are easy to win.
Yap Securities said concerns on inflation and trade wars
have affected market sentiment.
Summary: Trade wars
loom large this week, as the world awaits Europe and China's response to the US tariffs
China doesn't want a trade war
with the United States and will not start one but can handle any related challenges and will defend national and Chinese people's interests," Shan noted, adding, "Trade wars
leave no winners, only disastrous outcomes for the two countries and the rest of the world.
You know, when we're behind on every single country, trade wars
aren't so bad.
AFP) LONDON: Gulf countries will not be able to fully escape the impact of any global trade wars
that could break out following US President Donald Trump move to impose tariffs on steel and aluminum imports, said analysts.
History shows that trade wars
are never a solution," the Minister said at an annual press conference, adding that "A war hurts both the instigator and those it is waged against.
When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars
are good, and easy to win," the president counseled.
When we're behind on every single country, trade wars
aren't so bad," he said at a news conference with Swedish Prime Minister Stefan Lofven who responded by saying: "I am convinced that increased tariffs hurt us all in the long run.
But the market overlooked confidence and focused on potential trade wars
The move also escalated trade wars
between the two neighbours.