Trade-war tracker: Here are the new levies, imposed and threatened

[UpInArms]

Source: Marketwatch

As rhetoric on global trade ratchets higher, here’s a look at what new tariffs have been imposed and what has been threatened this year.

....list at link...

The context of these tariffs is the trade deficit the U.S. runs, which totaled $568 billion in 2017. The Trump administration maintains that the size of that gap is due to unfair trade agreements. Critics point out that U.S. consumers are the beneficiaries of this gap.

President Trump first announced his intention to impose steel and aluminum tariffs on March 1, and the Dow Jones Industrial Average DJIA, -0.16% has lost about 1% since that announcement.

Read more: https://www.marketwatch.com/story/trade-war-tracker-here-are-the-new-levies-imposed-and-threatened-2018-06-22

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Many of the tariffs against the US do not take effect until next month .... look out below!

[Bernardo de La Paz]

1. Six-front trade war. Simplest solution for targets is trade with each other but not US.

Won't happen overnight, but that is the trend.

[Cosmocat]

4. How the bloody fuck

anyone can support this asshole opening up trade wars all over the place is a beyond any reason.

Like walking into a bar and throwing beer in the faces of 6 different dudes - on one is big enough to take on half the bar all by themselves.

[yallerdawg]

2. Remember that giant corporate tax cut?

Now, if the taxes and all costs associated with a product including profit are paid for when we purchase the item - don't forget added taxes at point-of-sale (10% on every item purchased where I live) - how is it we have an annual 2.8% inflation rate so far this year?

How are our products costing us more? And now they want to raise the price on everything we buy with tariffs and protectionist policy?

Was the tax cut for us, the consumer - or just to increase the profit margin of the corporation, distributed through stock valuations and dividends?

[AZ8theist]

3. You really need to ask that question?