Tianjin Xinyue Industrial and Trade Co., Ltd.
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US steel aluminum tariff policy triggered worries---Media

Jun. 19, 2018

The U.S. imposes tariffs on steel and aluminum in many countries and is making the probability of an outbreak of full-scale trade conflicts growing. Its targets include the United States’ traditional allies such as the European Union and Japan, and Canada, Mexico’s two major neighbors and the world’s economic powerhouse. China. In this regard, foreign media believes that a capricious government will be the biggest problem for the U.S. economy, affecting all aspects of the U.S. economy; international organizations will also warn of the adverse effects of trade wars or turmoil; U.S. companies are also uneasy about trade wars.


The United States has tried to exert pressure on its major trading partners by imposing tariffs on steel and aluminum, thereby gaining the opportunity to renegotiate trade agreements and to obtain greater benefits for the United States. However, so far, the major trading partners and neighboring countries of the United States have not been willing to submit easily. They have come up with countermeasures against the irrational behavior of the United States and the smell of the trade war has become increasingly strong. In response, foreign media, including the United States, have issued comments and expressed their anxiety.


The foreign media stated that if Trump further promotes protectionist measures, it may trigger selling pressure on the stock market, thereby hurting corporate and consumer confidence.


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