India, Mexico, Germany and China are likely to be the targets as Trump suddenly announces 25% tariffs on steel and aluminum:
Is this Swadeshi move in preparation for a coming military war in Korea, which may wreck relations with steel-giant China?
2 comments:
From Bloomberg:
If the White House really wanted to cause China pain, it could have targeted a range of other industries, from electronics to shoes. Going after steel and aluminum isn't the start of a trade war; it's friendly fire.
The only way the U.S. will be able to contest rising Chinese power is through tight coordination with allies such as Japan, South Korea, Australia and India.
anyway, automakers are already mentioning that car prices would increase because of the tariff on steel.
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