President Donald Trump has opened up trade fights on numerous fronts, including with Canada, Europe, and China.
There are several deadlines coming up in June and July that could determine whether Trump imposes more tariffs.
According to analysts, the deadlines could ramp up the risk of a full-blown trade war.
President Donald Trump has opened trade battles with countries around the world, and the next two months could decide whether the US ends up in a full-blown trade war on several different fronts.
The slew of trade-related tiffs means various deadlines for possible tariffs on China, the European Union, Canada, and Mexico are all approaching quickly.
Libby Cantrill, the head of public policy for investment giant Pimco, highlighted the pile up of trade deadlines, warning that they could intensify the battle.
“Given President Trump’s deep-seated belief that the US is getting shortchanged on trade, combined with the executive branch’s enormous flexibility around trade policy and a staff (such as US Trade Representative Bob Lighthizer) who largely shares his views, we do not see trade policy risk diminishing, at least in the foreseeable future,” Cantrill wrote. “Indeed, with the number of potential catalysts in the next month or so, we could see it escalate.”
Daniel Silver, an economist At JPMorgan, wrote that the upcoming deadlines aren’t the only trade moves that the Trump administration is navigating.
“Apart from these listed tariffs that have received the most attention, the US International Trade Commission constantly is reviewing cases that could lead to tariffs being implemented on other narrow product categories, and the Trump Administration could also start to focus on new areas for protectionist policies,” Silver wrote in a note to clients.
Here’s a rundown of the major catalysts in Trump’s ongoing trade disputes:
Friday: The Trump administration will finalize the list of Chinese goods subject …read more
Source:: Business Insider