Trump's Tariff Policy Threatens US

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tariff

Telegraph

•

Business

Business & Economics

Britain risks friendly fire from the US in Trump’s tariff battle with the EU

Summary

Nutrition label

70% Informative

There could be further announcements on tariffs this week , with the president promising an announcement on “reciprocal’s levies on either Monday or Tuesday .

The US is our single most important export market, accounting for just over 20pc of our total exports.

However, exports of services account for about two thirds of the 20pc .

Trump accuses some countries of running a mercantilist policy that relies on exports to sustain their aggregate demand.

But we are all potential gainers from trade as it allows greater specialisation and the realisation of economies of scale.

It would be better for the world and especially the US and the UK if they responded to Trump ’s tariffs by adjusting their policy towards the creation of more domestic demand.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful