The US and China have gone all out on the trade wars. Early March #Trump felt it would be an easy #win. It’s not turning out such an easy win. Go figure! China has released a list of 106 US products which will incur a new 25% tariff (unless Donald Trump backs down). The spat inspired our latest cartoon.
You can understand why the US wants to protect it’s own manufacturing base but it somehow looks like it’s too late now. Sure Trump will have a go, but likely the US economy will suffer. China will show it’s might.
[embed]https://www.theguardian.com/business/live/2018/apr/04/china-us-trade-war-tariffs-wpp-markets-eurozone-jobs-business-live?page=with:block-5ac46c5de4b0b7e6d3775127#block-5ac46c5de4b0b7e6d3775127[/embed][embed]https://youtu.be/63uUy5sfPX0[/embed]