ECONOMICS Trade wars: tariffs unlikely to be fired in anger*

One can’t pick up a paper these days without some notable economist or think tank warning of the imminent possibility of a trade war.






Why? Because of U.S. President Donald Trump’s somewhat unorthodox efforts to impose higher tariffs (increased taxes) on sensitive U.S. imports, initially steel and aluminium.
It is no secret that the main thrust of the U.S. President’s well-publicised policy is twofold: first, to re-establish some kin…

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