The Trump administration’s imposition of steel and aluminum tariffs could threaten to kick off a global trade war. In this succinct and accessible overview, trade policy expert Michael Johnson – writing before the US announcement of countries excluded from the tariffs – explains why these tariffs go against World Trade Organization protocols and how the duties could damage the economies of both importing and exporting nations. While always politically neutral, getAbstract recommends this text’s authoritative insights to anyone interested in the future of global trade.
In this summary, you will learn
- What the World Trade Organization (WTO) requires for countries to levy special import charges to protect domestic industries,
- Why the 2018 US tariffs on steel and aluminum run counter to WTO rules, and
- What will determine if a trade war erupts.
About the Author
Michael Johnson is an adviser on international trade policy and a former UK trade negotiator.