Newspaper article Evening Gazette (Middlesbrough, England)

Everyone Will Lose in Trump's Trade War

Newspaper article Evening Gazette (Middlesbrough, England)

Everyone Will Lose in Trump's Trade War

Article excerpt

Byline: STATESIDE With US Editor Christopher Bucktin

SOMEDAY President Trump will be gone. With his departure - along with his enablers, liars, flunkies and family - a sense of normality will one day return to America.

For many, the moment cannot come soon enough. But, perhaps more troubling than the chaos and sleaze each day his leadership brings is the misguided economic legacy he will leave behind.

Never before has there been an administration so deaf to the facts that it fails to hear the world and its warnings. The latest Twitter-created crisis has potentially disastrous effects on our already devastated and once proud steel industry.

With a shortsightedness worse than Mr Magoo, Trump has proposed a plan to slap tariffs of 25% on imported steel and 10% on aluminium.

"Trade wars are good and easy to win," he awoke to tweet before his morning coffee had a chance to stabilise his thoughts.

And despite Theresa May expressing her "deep concerns" to Trump following his outburst, the US leader says he is adamant no nation will be saved from his plans.

Prices on just about everything from cars to canned food will rise.

Then comes the inevitable retaliation, thanks to the aluminium can of worms Trump has just opened. Already, the European Union has announced plans to slap tariffs on US motorcycles, bourbon, blue jeans and more.

Others will follow suit, choking off foreign markets when countries across the planet ought to be ripe targets for American producers.

In a fit of pique or political panic, Trump's latest war will produce casualties throughout the US economy but it is not only in America where the injuries will be felt.

For decades, British steel has been left to rack and ruin by successive UK governments. Once known as the greatest steel in the world, the industry has been stripped of its prestige as thousands of skilled workers have been thrown on the scrap heap. …

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