The debate "Does anyone think that starting a trade war with America's allies is actually a good policy" was started by
June 1, 2018, 8:22 am.
By the way, historybuff is disagreeing with this statement.
2 people are on the agree side of this discussion, while 15 people are on the disagree side.
People are starting to choose their side.
It looks like most people are against to this statement.
historybuff posted 1 argument to the agreers part.
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2 visitors agree.
historybuff, Nemiroff, Simonderp and 12 visitors disagree.
also an instantaneous effect on the markets, but who cares about that. I dont. I'm betting against it x3
consequences will be felt almost instantly as prices go up followed shortly by job loses within a couple of months imo
How soon or late would you predict the consequences, just out of curiosity. While nobody would want to hurt both economies by taxing regular imports/exports, how that harm manifests and why makes me curious.
Put another way, what is the important part of our current trade, and how soon would a change impact the economy?
Trump is putting tarriffs on Americas closest allies such as the EU, Mexico and Canada as well as countries like China. they have all vowed to retaliate. anyone with a basic understanding of economics knows that tarriffs always cut both ways. you are hurting yourself as well as your target.
by targeting all their trade partners the US is likely to cause significant damage to their economy and could very well trigger a new depression.