Trade War–the Macro–the Micro– and More than Tariffs – or How German Auto Tariffs Might Be Used As a National Security Negotiating Position
July 03, 2018
“It took some time for investors to finally shake off their complacency and show their discomfort with the reality of higher tariffs. The mid-June headlines indicating the U.S. would impose $50 billion of tariffs on Chinese exports helped end their lethargy. In fact, on July 1st only $34 billion will be implemented and principally on agricultural and industrial machinery. The remainder of the increase—partially on semi-conductors—will be delayed and subject to future hearings. China responded with similar tariff amounts primarily On U.S. agricultural products.”
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