American Protectionism Makes Europe China and Russia Closer

ArticleDeflationJune 11, 2018 - 3:41:25 AM

Tariffs on steel and aluminum imports from Canada, Mexico and the EU will push countries to find new trading partners.

The introduction of tariffs on steel and aluminum imports from Canada, Mexico and the EU will push countries to find new trading partners. The EU will react, and rapprochement with Russia and China is entirely possible if the situation does not improve and US tariffs remain in place.

Tariff implementation is not the better way to develop the country and retain America's trading partners. The outcome of this trade dispute between the usa and china will be bad for both sides and for international trade in general.

The United States, which was the leader that pushed the world toward free trade, and now it is completely changing direction. Imposing such taxes on its allies is not the best way to ensure a potential victory in a conflict. This form of protectionism is likely to cause much damage and the United States will be the first to suffer the consequences...

Source:RT.com

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