https://www.theguardian.com/business...MCNEWEML6619I2
Quote:
World stock markets have tumbled after Donald Trump said the United States would impose tariffs of 25% on steel imports and 10% on imported aluminum next week.
The threat of a trade war with China and higher goods prices led to a sharp sell-off in Wall Street on Thursday, causing Asian markets to take fright on Friday.
The Nikkei index in Japan fell 2.4%, Hong Kong and South Korea were down 1.6%, and the ASX200 in Sydney was off 1% in early afternoon trading. Asian steelmakers bore the brunt. South Korea?s Posco fell 3% and Japan?s Nippon Steel 4%.
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The stock markets are in a frenzy over this. Ordinary working class people in the Mid-West will praise him.
Any trade war with China will end very badly for the Chinese.