How a Trump trade war could slow down the global economy

[Political Junky]

How did a man this dumb find other fools to vote for him?

How a Trump trade war could slow down the global economy

After the last big trade war — NY dockworkers, 1934. Photo: Lewis Hines / National Archives
Europe is preparing 25% tariffs on U.S. goods from Levi's to Harley Davidson bikes in a sign of brewing retaliation for President Trump's imposition of a levy on foreign steel, and economists are warning of a sharp hit to the global economy and markets.

Why it matters: Economists tell Axios that, should Trump proceed with his 25% steel tariffs, and tit-for-tat retaliation cascade, there is serious risk of a blow to global GDP growth, which the International Monetary Fund had forecast at 3.9% for 2018 and 2019.

 

[TomParks]

It should have been done years ago.....now hopefully NAFTA will be laid to rest

 

[Political Junky]

Trump trade tariffs: Europe threatens US bikes, bourbon and bluejeans

Trump trade tariffs: Europe threatens US bikes, bourbon and bluejeans
IMF joins China in warning of potential harm from 25% tariff imposed on metal imports but Trump insists ‘trade wars are good’

• Trump trade tariffs – business live

 

[impuretrash]

who knew germans wear levis, drink whiskey and drive choppers?

 

[Political Junky]

who knew germans wear levis, drink whiskey and drive choppers?

You should get out more.

 

[shockedcanadian]

China and their global cuckholds, along with the WTO can go fly a kite. Trump should go hard and not be afraid of a trade war, in fact he should tell those Communist sob's that the U.S will have a tit for tat if that's what they choose.

He can then build closer relations with nations like Japan, Taiwan and others and make sure they buy the best U.S military gear.

Enough of these serial human right animals winning the day. The U.S debt and trade imbalance is a National Security threat, without question.


CIA World Factbook data[edit]
Top 20 countries with the largest surplus[edit]
This is a list of the 20 countries and territories with the largest surplus in current account balance(CAB), based on data from 2017 est. as listed in the CIA World Factbook.[1]


Rank Economy CAB (million US dollars) Year
1

Germany 296,000 2017 EST.
2

Japan 175,000 2017 EST.
3

China 162,500 2017 EST.
4

South Korea 85,140 2017 EST.
5

Netherlands 82,440 2017 EST.
6

Taiwan 79,000 2017 EST.
7

Switzerland 67,330 2017 EST.
8

Singapore 59,790 2017 EST.
9

Italy 52,830 2017 EST.
10

Thailand 44,000 2017 EST.



Top 20 countries with the largest deficit[edit]
This is a list of the 20 countries and territories with the largest deficit in current account balance (CAB), based on data from 2017 est. as listed in the CIA World Factbook.[1]


Rank Country CAB (million US dollars) Year
1

United States 462,000 2017 EST.
2

United Kingdom 91,420 2017 EST.
3

Canada 55,570 2017 EST.
4

Turkey 38,950 2017 EST.
5

India 33,680 2017 EST.
6

Brazil 28,990 2017 EST.
7

France 28,920 2017 EST.
8

Algeria 22,870 2017 EST.
9

Argentina 22,130 2017 EST.
10

Australia 21,680 2017 EST.

 

[impuretrash]

who knew germans wear levis, drink whiskey and drive choppers?

You should get out more.

I thought they were all about lederhosen, beer and volkswagons...

 

[Political Junky]

Trump trade tariffs: Europe threatens US bikes, bourbon and bluejeans
IMF joins China in warning of potential harm from 25% tariff imposed on metal imports but Trump insists ‘trade wars are good’

• Trump trade tariffs – business live

who knew germans wear levis, drink whiskey and drive choppers?

You should get out more.

I thought they were all about lederhosen, beer and volkswagons...

Like I said .. get out.

 

[shockedcanadian]

Trump trade tariffs: Europe threatens US bikes, bourbon and bluejeans
IMF joins China in warning of potential harm from 25% tariff imposed on metal imports but Trump insists ‘trade wars are good’

• Trump trade tariffs – business live

who knew germans wear levis, drink whiskey and drive choppers?

You should get out more.

I thought they were all about lederhosen, beer and volkswagons...

Like I said .. get out.

The IMF and WTO are no different than the UN, IOC or FIFA. These global agencies operate on false credibility while selling their behind to the highest bidder.

There was a time there was a clear distinction between abusers of Western liberty and communism, now the global socialists have their hands out and gladly sell out their citizens.

No more. IMF or any other agency isn't saddled with $20T in debt while U.S entitlements are high with many new coming due as citizens age. They exploit America. If Canada is doing it, you bloody well know these global socialists are.