First Shot In The Upcoming Trade Wars
[ Posted Thursday, January 26th, 2017 – 17:28 UTC ]
President Donald Trump's administration may have just fired the first shot in what could become a worldwide trade war. In response to criticisms about his announcing that the border wall with Mexico will be paid for by American taxpayers (and not, as promised, Mexico), Trump has been trying to come up with an answer for how we will be "reimbursed" by Mexico. Today, apparently, he has decided on the preferred method. The White House just announced a 20 percent tax on all imports from Mexico.