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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Morgans clients can login to access my full report: 'Trade war or trade bargain'. Alternatively, you can view more analysis from Michael Knox by clicking on 'economic strategy' in the popular topics list to the right of this page, or listen to his full playlist of podcasts on Soundcloud. Alternatively, contact your Morgans adviser or nearest Morgans branch.
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