57 percent of the private-company executives surveyed say global trade is important to their supply chain. #GlobalTrade #SupplyChain
http://www.globaltrademag.com/global-trade-daily/private-companies-plan-go-global-2018?gtd=3850&scn=private-companies-plan-go-global-2018

Australian #exporters welcome #FTA with Peru via @gtreview tinyurl.com/yauvd7yr #GlobalTrade #ChamberInt

#JeanClaudeJuncker, #EuropeanCommission president, said that should #Trump make good on his #protectionist promise, the European Union would slap retaliatory tariffs on goods produced in the home states of top Republican officials - including the bourbon prepared in Mitch McConnell’s backyard and Harley-Davidson motorcycles manufactured in Paul Ryan’s.

#France’s economic minister Bruno Le Maire expressed a degree of sympathy for #America’s predicament - French steel has also suffered from the massive subsidies and 'dumping' practices that certain countries use to prop up their domestic production. But Le Maire insisted that 'a trade war between #Europe and the #UnitedStates will only result in losers.' Angela Merkel’s office said that the German chancellor 'rejects' the tariffs, and believes that such a policy could trigger a global trade war. The United States is the biggest importer of #Germany’s rolled steel products, and the second-biggest consumer of the #EuropeanUnion’s.


#WorldEconomy #Protectionism #Globalisation #GlobalTrade #TradeWar #EconomicPolicy #Economy #TradePolicy #InternationalTrade #TradeTariffs
EU Prepares Tariffs on U.S. Bourbon and Jeans, As Trump Calls for Trade War
http://nymag.com/daily/intelligencer/2018/03/eu-prepares-tariffs-on-u-s-exports-as-trump-vows-trade-war.html

Key #trade routes already full, argues @HeathrowAirport tinyurl.com/y9s5346w #GlobalTrade #ChamberInt

By imposing new tariffs on #steel and #aluminum, #Trump has embarked on a policy that is a clear and present danger to #US jobs and living standards. The tariffs are indefensible on their face. They'll raise prices for U.S. consumers and put U.S. companies at a serious disadvantage in export markets.

#America's allies and trading partners - including #Japan, #Canada, #Australia, and the #EuropeanUnion - are dismayed. If they aren't exempted, they'll feel compelled to retaliate against the U.S. action, just as the U.S. would retaliate against a unilateral rule-bending act of outright protection against its own producers. The administration will then feel pressure to retaliate against the retaliation. After all, it now has to show that trade wars are 'easy to win.' A self-defeating spiral of this kind is actually the definition of 'trade war.'


#WorldEconomy #Protectionism #Globalisation #GlobalTrade #TradeWar #EconomicPolicy #Economy #TradePolicy #InternationalTrade #TradeTariffs
Oh! What a Lovely Trade War
https://www.bloomberg.com/view/articles/2018-03-02/note-to-trump-trade-wars-are-bad-and-impossible-to-win

President Donald #Trump said Saturday (Mar 3) that the #EuropeanUnion's trade policies have 'been brutal' to the #UnitedStates, a sentiment he shared both online and in person after #EU leaders condemned his recently announced 25% tariff on steel and 10% tariff on aluminum imports.

Trump doubled down on his stance, tweeting 'our jobs and wealth are being given to other countries that have taken advantage of us for years. They laugh at what fools our leaders have been. No more!' Taking another hit at the EU, Trump tweeted about it again, this time suggesting that if the EU raises tariffs more, so too will the United States. The President's comments came just days after several European leaders reacted sharply to the President's tariff announcement.


#WorldEconomy #Protectionism #Europe #Globalisation #GlobalTrade #TradeWar #EconomicPolicy #Economy #TradePolicy #InternationalTrade #TradeTariffs
Trump: European Union has 'been brutal' to the US
https://edition.cnn.com/2018/03/03/politics/donald-trump-european-union-remarks/index.html

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Cooper Tire awarded Excellence in Global Trade by #Arkansas

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