W3Schools

In One Chart: Steel, automobiles, chicken, and pasta: U.S. trade wars in one chart

Chart by Visual Capitalist

The U.S. is a relatively young country—it just celebrated its 242nd birthday this month. In contrast, its rival and biggest trading partner China is more than 3,000 years old.

Yet, by virtue of its economic prowess and global reach, the U.S. has engaged in a fair number of trade wars in its short history.

President Donald Trump recently opened a new chapter in the U.S.’s ongoing battle to protect its economic interests by announcing tariffs on billions of dollars worth of Chinese goods. As expected, China has responded with retaliatory measures.

The European Union and close allies such as Canada and Mexico also have not been spared with their steel and aluminum products subject to new tariffs.

>>> Original Source <<<

Comentários