cammac wrote:Well MAGA policies on tariffs are already facing countervailing duties from China.
The major target is pork which will have a 25% duty and represents 1.2 Billion in exports by the USA and represents 28.6% of the USA's 4.2 Billion of pork exports. As TPP comes into effect it is likely that Japan will also slap duties on USA pork. If Trump follows through with his tariffs against China the agricultural sector will get hurt the most. The next on the list will likely be soya beans which has 22.9 billion in USA exports. No trade wars are not easy to win and countries target products which will hurt Trump voters the most. The major causes of the great depression were unfettered economic policy, deregulation of banks and high tariffs. Are you beginning to see a pattern?
Let the trade wars begin... watch Trump ban all Chinese products... hmmm, I wonder who gets hurt worse.
