Fred99:

 

tdgeek:

 

Fred99:

 

fears over a trade war he looks like starting.

 

 

 

 

yes, it is all on now, China has responded with comment and its own tariffs on the US.

 

It is all on now.

 

 

From Bloomberg - ANZ economists wade in:

 

"Although the face value of the US tariff will be small, President Trump may push other countries to take sides, resulting in a divided world. The scale of the trade war would be broadened. This is the biggest risk lying ahead."

 

Trump's annual $60 billion PA tariff figure isn't small - it's actually approx 10% of total US import value from China.

 

I did have a quick read of Trump's executive order, there's a clause "loosely worded" (ie "if possible") for the US to work within WTO guidelines.

 

That's somewhat reassuring, but also an indication of a coming endless sh!t-fight with a China that can and will bear economic pain just to prove a point.

 

NZ winemakers should get moving - China just imposed a 15% tariff on US wine imports.

 

Funny you quote that as I was thinking that when I posted, a divided world trade wise. Safer to side with China by far. If countries get treated less fairly by the US, then so be it, the US wont look after its supporters, they are well down the list of charities