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Trade Wars Take Center Table
The meeting of global finance ministers at this weekend’s G20 summit was marked by a tone of concern regarding escalating trade disputes. Rising tensions between the US and China are headlining these disputes. Given the recent downturn in global data, leaders are concerned that the world economy is once again headed into a downward spiral. This comes following a fresh outbreak of tariffs between the US and China as well as US aggression with other economies over trade policy.
US Trade Policy Becoming More Aggressive
Despite mounting global concern, the US is showing no signs of backing down over its trade policies. These have recently seen a 5% tariff launched on all Mexican goods entering the US. There have also been threats of tariffs on EU and Japanese autos which are due to start in under six months. Finally, removing India’s special status has also been mentioned. This wou...
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