Herald USA

Get Ready For War – President Trump Is Heralding A New Trade War

In a move most of us thought Donald Trump was going to make sooner or later, Donald Trump has finally accepted that he’s more than interested in triggering a global trade war. The concerning thing is that it’s actually very possible. By imposing tariffs on steel and aluminum, President Trump can effectively herald in a new era of trade wars that could have far-reaching consequences both good and bad for everyone.

Naturally, it goes without saying that a lot of people were against the idea of there being a trade war since no one was prepped for it – even Congress itself. The reason for the Trade War is that President Trump thinks that America is being unfairly taken advantage of by other countries when it comes to trade. Trump’s argument is based on his opinion that the U.S. was being ripped off by other countries because America imports more goods than it gets back in return

“When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore – we win big. It’s easy!” Trump wrote on Twitter.

While Presidents Trumps for a trade war were kept in check since his 2016 election campaign thanks to his advisors but looks like President Trump finally stopped listening. This has resulted in tariffs of 25 percent on steel imports and 10 percent on aluminum imports for which the details will be ironed out by the next week.

Donald Trump has faced a backlash from both Republicans and Democrats along with representatives of countries from around the world.

“We will not sit idly while our industry is hit with unfair measures that put thousands of European jobs at risk,” European Commission President Jean-Claude Juncker said in a statement.

“This announcement is disappointing,” Australian Trade Minister Steven Ciobo told reporters on Friday. “An imposition of a tariff like this will do nothing other than distort trade, and ultimately … will lead to a loss of jobs.”

President Trump has responded to the negativity in the press by saying the Trade War are “Good and Easy To Win”. Many of President Trump’s supporters are not so surprisingly onboard with the idea of the US toughening up its trade policies to get more in return.

“This is the opening salvo in a trade war. The countries we deal with are not going to sit there and take this,” said Phil Levy, senior fellow at the Chicago Council on Global Affairs, and a former White House economist under former President George W. Bush.

But the real question everyone has right now is whether Trump can actually do it? President Trump will have to implement the tariffs under Section 232 of the Trade Expansion Act which he can do by claiming that steel and aluminum imports are causing more harm to the country’s national security.



About the author

Subhan Sha

Subhan Sha

An educated journalist with a thirst for truth and a lust for facts.
A tech wiz who loves gadgets and gaming.
A cool guy that has a wonderful work ethic and a passion for ingenuity.
Subhan Shahid joined the Herald Report as a columnist in 2017. He was a professional blogger for more than 7 years before becoming a part of Herald Report where he now covers Politics with a focus on domestic and international policy. As a veteran political correspondent, he provided coverage for Donald Trump’s Presidential Campaign, major changes in the Gulf region and the escalating North Korea crisis.
Before joining Herald Report, Subhan spent years writing about emerging technologies, state politics, international trading, and local communities. Subhan is a Bachelors Graduate with a degree in Computer Sciences and a Minor in Political science.

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