Podcast: Trade war or trade bargain?
About the author:
- Author name:
- By Michael Knox
- Job title:
- Chief Economist and Director of Strategy
- Date posted:
- 19 March 2018, 10:59 AM
Poorly-informed public debate would suggest that the USA has recently
embarked upon a "Trade War" against other important members of the World
Closer examination shows that the US has a lower trade-weighted average import tariff than either the European Union,
Australia, China or India.
The American President has talked about dumping duties and raising tariffs to
levels which mirror those of the European Union and China.
might be that the European Union and China reduce their import tariffs down to
the lower level, that the US charges them, for importing their products.
Perhaps the Europeans and the Chinese might bring actual sincerity to the
debate on international trade rather the pretend sincerity of Jean-Claude Juncker.
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