‘Game of chicken’: Concerns Trump tariffs will result in global ‘trade war’
Third Way Executive Vice President for Policy Jim Kessler says Donald Trump’s tariff plan will likely result in a “game of chicken” to see which country blinks first.
US President Donald Trump has asked all NATO nations to increase their defence spending to 5 per cent of their GDP.
“If we are raising tariffs on Mexico and Canada, well that’s a sales tax on all United States consumers … they are going to respond with their own tariffs,” Mr Kessler told Sky News Australia.
“Trump believes that America’s might and size will make it so these countries acquiesce, but if they don’t, and they may not … then we have a trade war, we have a tariff war and we have a massive slowdown of the world economy.”
from Sky News Australia
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