https://theconversation.com/whats-a-trade-war-244750
"Thanks to US President-elect Donald Trump, the term “trade war” is back in the
headlines. Trump campaigned successfully on a platform of aggressive trade
policies, and since being elected, has only doubled down on this posture.
On Tuesday, he threatened Mexico and Canada with new 25% tariffs on all goods,
and a separate “additional” 10% tariff on China “above any additional tariffs”.
While the term might conjure up dramatic images of battlefield tactics, the
real economic impact of any looming trade war is likely to hit much closer to
home – both for Americans and the rest of the world.
Global supply chains are deeply interlinked. That means a major trade war
initiated by the US could push up the prices of all kinds of goods – from new
cars to Australian-inspired avocado on toast.
To understand where we might be headed, it’s worth unpacking the metaphor. What
exactly is a trade war? What are the “weapons” countries use? Perhaps most
importantly – can either side win?"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
