Tag - China trade war

Tariffs, trade wars, and Impact on Global Issues | Sheaff Brock

Trade Imbalances Won’t Warrant Climbing a Wall of Worry

Everybody appears to be talking about trade wars, says CNBC’s Elizabeth Schultz. But trade wars are nothing new, she reminds viewers as she interviews International Monetary Fund historian and Princeton professor Harold James. After a period beginning with the Smoot Hawley Act in 1930, continuing through the “chicken wars” in the 1960s and trade disputes with Japan in the 1980s, there ensued several trade war-free decades. Now, with President Trump’s announcements of tariffs and a 25% levy on imports [...]