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Would Trump's tariffs trigger a global trade war? Experts weigh in.
Economists who spoke to ABC News said Trump's tariff proposals would all but certainly trigger a global trade war, diminishing sales for U.S. exporters, which account for about 10% of the nation's economy. The disruption would likely trigger job cuts and slow the nation's economic performance, economists added.
Opinion
Trump Says He Wants Global Tariffs, but Could He Actually Do It?
In their view, it’s one thing to unilaterally apply global steel or aluminum tariffs, tariffs on half of all Chinese imports, or other security-related sanctions, but belching out tariffs on everything from everywhere is a totally different animal.
Donald Trump's Tariffs Would Hit His Own Businesses
Donald Trump is selling products made in China, Vietnam and Bangladesh that would be impacted by his proposed tariffs, a Newsweek investigation found.
Opinion
3d
Opinion
How Trump’s Radical Tariff Plan Could Wreck Our Economy
But Trump’s desire for high tariffs has been consistent. In an interview on Tuesday at the Economic Club of Chicago, he said, ...
4h
Voters Believe in Trump’s Tariffs. They’re So Wrong: Bill Dudley
American voters appear to be buying Donald Trump’s promise that sharply higher tariffs on imported goods will make them better off. If he gets the chance to put his plan into practice, they’ll be in ...
4d
‘Off the charts’: How Trump tariffs would shock U.S., world economies
Trump's tariff plans could lead to economic isolation, affecting global markets and increasing costs for American consumers.
4d
Trump's trade, tariff plan explained, invites market backlash
Trump’s 10 percent tariff plan could cause a more than 20 percent decline in General Motors Co.'s earnings; smaller declines ...
2d
on MSN
Trump and Biden Agreed on China Tariffs. But U.S. Trade Wars Have a Limit.
The U.S. can only go so far with China before the dollar is called into question, Edward Price writes in a guest commentary.
Opinion
5d
Opinion
Tariffs are a problem, not a solution | Opinion
Tariffs targeted to punish the country’s economic competitors and global adversaries may feel good in the short term, but the ...
Opinion
3d
on MSN
Opinion
Trump’s tariffs pose a greater risk to markets than his tax cuts
They pose a significant threat to the global economy because of how far-reaching they are, the odds of implementation and the ...
1d
Economists warn that Trump's tariffs could cause tech prices to skyrocket
In June, sixteen Nobel Prize-winning economists signed a letter expressing concern that Donald Trump's proposals could ...
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