Where does this end?

Posted on

This is getting silly.  As the Telegraph has just reported in an email:

Donald Trump said he will double metal tariffs against Canada and threatened to impose levies on its car industry as relations between the North American nations soured.

The US president announced he would impose 50pc tariffs on all steel and aluminium coming into the US from Canada.

He said the new levy would come into force from tomorrow and was in retaliation for Ontario's decision to place a 25pc tariff on electricity coming into the US.

I did, of course, suggest some time ago that Trump's trade wars would be deeply destructive. That is clearly his intention. There is quite literally no possible good outcome from what he is doing.

The question is, where does this end, apart from in tears?


Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here:

  • Richard Murphy

    Read more about me

  • Support This Site

    If you like what I do please support me on Ko-fi using credit or debit card or PayPal

  • Archives

  • Categories

  • Taxing wealth report 2024

  • Newsletter signup

    Get a daily email of my blog posts.

    Please wait...

    Thank you for sign up!

  • Podcast

  • Follow me

    LinkedIn

    LinkedIn

    Mastodon

    @RichardJMurphy

    BlueSky

    @richardjmurphy.bsky.social