Trade war begins

[BlasterBates]

China vows to fight to the last man

They don't mince their words.

in the meantime the markets think it's all "bluster".

Who's going to blink ?

[northernladyuk]

China vows to fight to the last man

They don't mince their words.

in the meantime the markets think it's all "bluster".

Who's going to blink ?

China and the US will trade fight each other into exhaustion, leaving the door open for Brexit Britain's tea, jam and biscuit centred global trade dominance at the head of Empire 2.0.

[sasguru]

It is indeed very interesting, not to mention amusing, how the rise of the cretinocracy in the Anglo-Saxon countries (US and UK) is going to hasten their loss of influence and power.
What is also interesting is how the right now embrace naive socialist ideas like protectionism, simply because they want the votes of the uncompetitive cretinocracy.
If protectionsim worked, North Korea would be the most successful state in the world.

[Lance]

Trade war begins

What is also interesting is how the right now embrace naive socialist ideas like protectionism, simply because they want the votes of the uncompetitive cretinocracy.

Ahh well. Voter apathy will rescue us, eventually. As long as there’s no more referendums (which there won’t be, ever).

[BlasterBates]

boom, the opening salvo !

US imposes tariffs on Mexico, Canada and EU

I predict squeals from "Trumpland" America in a few months time.

[WTFH]

For those without an FT login...
US tariffs: Steel and aluminium levies slapped on key allies - BBC News

And for the Daily Mail version:
http://www.dailymail.co.uk/news/arti...trade-war.html
(where it only affects the EU, and the comments seem to be from people who believe that the UK is not currently part of the EU, "they don't like it up 'em", etc)

[BlasterBates]

It looks like the EU will be reducing imports from third countries and increasing imports from the US to resolve the dispute.

[DimPrawn]

Its a shame trump didn't support American steel when he was building his buildings, instead using the cheap stuff from China and Mexico.

Trump now cares deeply about the man in the street, he's not the selfish, arrogant, pig headed billionaire he once was.

[PurpleGorilla]

Need to stock up on bourbon - winter is coming...

[TwoWolves]

It is indeed very interesting, not to mention amusing, how the rise of the cretinocracy in the Anglo-Saxon countries (US and UK) is going to hasten their loss of influence and power.
What is also interesting is how the right now embrace naive socialist ideas like protectionism, simply because they want the votes of the uncompetitive cretinocracy.
If protectionism worked, North Korea would be the most successful state in the world.

You do display a certain amount of naivety yourself. Particularly when you rush to be rude to people when you yourself are on thin ice.

Protectionism and tariffs have been around a long time and I don't think I can recall a time when major powers have rescinded them. The worst offender of them all is China who is displaying breathtaking hypocrisy with the EU in close second place. It's way past time the US put a stop to this but unfortunately it may well be far too late now, nevertheless, I wouldn't be so quick to overestimate the EM axis powers - they are on shaky ground as well.