Japan Lacks a ‘Viable Option’ for Retaliating to Trump’s Tariffs
Japan has refrained from talk of striking back at U.S. tariffs. Trade experts say that is because its inflation-strained economy limits its options.
Japan has refrained from talk of striking back at U.S. tariffs. Trade experts say that is because its inflation-strained economy limits its options.
Critics warned that the levies could fuel inflation and slow economic growth, while those who supported the move said it was long overdue.
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The 34 percent tariff announced on Wednesday is in addition to two rounds of import taxes the president already imposed since January.
The answer appears to begin with the total trade deficit America runs with its trading partners.
Two dozen trade experts gathered recently to simulate how a global trade war would play out. The results were surprisingly optimistic.
Trump’s supporters have clashed over the true goal of forthcoming global tariffs: raising revenue, or lowering foreign trade barriers?