Relations between the United States and some of the larger economies such as Europe, China, Canada and Mexico continue to grow. The reason for this is the continued imposition of sanctions by Trump’s.
Eric Lonergan, M & G Fund Manager, said that the bigger picture should be looked at, not every single sanction.
“I do not like all these tariffs, I do not like the commercial wars, I do not like Trump’s performance,” Lonergan added.
Donald Trump’s threats against the EU could trigger Brussels. In their first written statement, the European Commission warned that the EU would respond to all imposed US tariffs on European production. The document also states that a possible trade war between the EU and the United States will lead to broken political relations, to trade, growth and jobs in the United States.
Also, Donald Trump warned European companies that they would receive additional sanctions if they violated US restrictions on conducting business practices with Tehran after Washington stepped out of the Iranian nuclear deal.
Relations between the US and China are becoming more and more tense. It is expected Friday that US tariffs for Chinese goods will come into force. That same Friday, Beijing plans to respond the same way: with tariffs on American goods. Donald Trump asked the US Treasury Department to impose import tariffs on Chinese goods at 10% and worth $ 200bn. New tariffs will come into force if China does not refuse to change bad practices and end its plans to levy US $ 5 billion in US dollars.