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China - America Trade War


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On Friday, President Trump threatened a 20% tariff on EU auto imports in a tweet.

It came right after the EU released retaliatory tariffs on $3.3 billion worth of U.S. products, including: Harley Davidsons, Levis, and bourbon—a true attack on our national pride.

So why did the EU take a swing at U.S. products? Because the Trump administration already placed tariffs on imported EU steel and aluminum. Like we said, trade war...

Playing both sides:

  • Advocates of more tariffs (which is looking like a thin crowd these days) say, ‘The EU makes it too hard for U.S. companies to compete. They already have a 10% tariff on U.S. auto imports, so this is fair game.'
  • Critics of these tariffs say, ‘Well, a 20% tariff is double the EU's andthe U.S. has had a 25% tariff on EU truck and van imports since the early '60s.'

Not to mention, any additional tariffs will probably be met by another round of European retaliation. Like we said, trade war...

+ Bonus round: The administration plans on releasing new restrictions on Chinese companies' investments in American tech firms by the end of the week, per the WSJ.

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