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2. “President Trump’s new tariff policies on imports will result in the US trade deficit wiped...

2. “President Trump’s new tariff policies on imports will result in the US trade deficit wiped out in just a couple of years” please comment

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Answer #1
  1. President Trump’s decision on sweeping tariffs on imports is globally significant as UK’s 2016 decision to leave the European Union. Trump’s decision to impose 25% & 10% tariffs on all steel and aluminum imports respectively has threatened many trade partners prompting fears of global trade war. There are risks of inflationary low growth. Some investors have already decided they will delay the investment plans as a result of uncertainty.

Ultimately because of the decision on trade tariffs, it is universally not good for growth and not good for inflation in US if it is the leader in the trade war.

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