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President Trump promised to get tough on America's trading partners, Ian Salisbury reports on businessinsider.com.
But with the administration now slapping hefty duties on imported goods such as steel and washing machines, and threatening them on many others, it's consumers who could be hurt, Salisbury wrote.
For a report on products that will cost more: http://www.businessinsider.com/trump-trade-war-will-make-these-products-more-expensive-2018-6?utm_content=buffer1f1eb&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer-bi
The hallmarks of President Trump's recent protectionist trade policies echo the trade fights of previous decades, and economists say it represents a troubling recipe, Bob Bryan reports on businessinsider.com.
Economists at Bank of America and Merrill Lynch say Trump's tariffs and focus on bilateral trade deficit echo similar policies undertaken in the 1980s -- especially when it came to Japan, Bryan wrote.
For more: http://www.businessinsider.com/trump-tariff-trade-war-on-china-canada-mexico-1980s-japan-2018-6?utm_content=bufferb910d&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer-bi
Photos: Pinterest, Giphy.
The cost of canned goods may rise due to higher steel prices.
President Trump promised to get tough on America's trading partners, Ian Salisbury reports on businessinsider.com.
But with the administration now slapping hefty duties on imported goods such as steel and washing machines, and threatening them on many others, it's consumers who could be hurt, Salisbury wrote.
For a report on products that will cost more: http://www.businessinsider.com/trump-trade-war-will-make-these-products-more-expensive-2018-6?utm_content=buffer1f1eb&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer-bi
Trump Trade Policies Recall Similar Failures of the 1980s
The hallmarks of President Trump's recent protectionist trade policies echo the trade fights of previous decades, and economists say it represents a troubling recipe, Bob Bryan reports on businessinsider.com.
Economists at Bank of America and Merrill Lynch say Trump's tariffs and focus on bilateral trade deficit echo similar policies undertaken in the 1980s -- especially when it came to Japan, Bryan wrote.
For more: http://www.businessinsider.com/trump-tariff-trade-war-on-china-canada-mexico-1980s-japan-2018-6?utm_content=bufferb910d&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer-bi
Chinese Trade War Backlash Aims at Dividing Trump Base
China is explicitly using tariffs as a wedge issue designed to split "apart different domestic groups in the US," according to leaked plans, Tara Francis Chan reports on businessinsider.com.
As a trade war looms between the two countries, Beijing issued a propaganda notice to Chinese media explaining the official game plan for handling the issue, Chan wrote.
GM warned last week that car prices may increase due to more expensive steel.
Photos: Pinterest, Giphy.
Next time on The Allen Report:
How Biased is Your News Service?
How Biased is Your News Service?
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