Replies to post #277363 on Tornado Alley (PROG)

[F6]

fuagf -- "Thankfully retaliatory action will likely be targeted."

and/but then there'll be Trump's untargeted retaliation to others' entirely foreseeable and fair targeted retaliations -- stashed about an hour ago:

Trump threatens to slap retaliatory tariff on European cars as trade war talk heats up
President Trump hit out at Europe, which has threatened retaliation for new U.S. steel export tariffs.
Trump said the U.S. may levy a 25 percent tax on cars exported from the European Union, which could impact popular brands sold stateside.
https://www.cnbc.com/2018/03/03/trump-threatens-to-slap-retaliatory-tax-on-european-cars-as-trade-war-talk-heats-up.html

Trump threatens to tax European cars after EU leader calls planned US tariffs 'stupid'
President Donald Trump has threatened to levy a tax on European car imports into the US if European officials impose tax hikes on American companies.
The European Union has sharply condemned Trump's plan to impose a 10% tariff on steel imports and 25% on aluminum.
One official called it "stupid" and threatened to impose tariffs on American companies, including Harley Davidson and Levi's.
http://www.businessinsider.com/trump-threatens-to-tax-european-cars-if-the-eu-retaliates-against-us-tariffs-2018-3

Trump steps up war of words on trade with threat to tax EU cars
US President Donald Trump has stepped up his war of words over trade tariffs, threatening to "apply a tax" on imports of cars from the European Union.
http://www.bbc.com/news/world-us-canada-43270388

Trump’s Tariff Plan Leaves Blue-Collar Winners and Losers
https://www.nytimes.com/2018/03/03/business/economy/tariff-blue-collar.html

Trump's terrible tariffs
Editorial
http://www.chicagotribune.com/news/opinion/editorials/ct-edit-trade-trump-exports-tariffs-20180302-story.html

more: https://news.google.com/news/story/dJY06maooSdH87MsuFmqjN4p9VA5M?ned=us&gl=US&hl=en

also:

Shortly before Trump announced tariffs, his former adviser dumped millions in steel-related stocks - Carl Icahn
https://www.washingtonpost.com/news/business/wp/2018/03/02/shortly-before-trump-announced-tariffs-his-former-adviser-dumped-millions-in-steel-related-stocks/

Before Trump Announced Tariffs, Icahn Sold Off Millions In Steel-Related Stocks
https://www.npr.org/2018/03/03/590583598/before-trump-announced-tariffs-icahn-sold-off-millions-in-steel-related-stocks

more:
https://www.google.com/search?q=carl+icahn
https://news.google.com/news/story/dTsHiTGzEIgfiTMFXRfSA_ruLn9bM?ned=us&gl=US&hl=en

[fuagf]

The IMF Says U.S. Tariffs and Emerging Market Instability Are Hurting the Global Economy

"Worldwide economic recovery. Thank central banks."

VIDEO
Four of the Oldest Fortune 500 Companies
They go as far back as the 18th century.
1:35

By Hallie Detrick October 9, 2018

The International Monetary Fund says protectionism and instability are hurting economic growth.

The Fund’s latest World Economic Outlook .. https://www.imf.org/en/Publications/WEO/Issues/2018/09/24/world-economic-outlook-october-2018 .. report presented a revised forecast .. https://www.wsj.com/articles/imf-lowers-global-growth-forecasts-for-2018-and-2019-1539048878?mod=hp_major_pos1 .. predicting the global economy would expand by 3.7% this year and next, down from an April estimate of 3.9%. U.S. tariffs and other countries’ retaliation against them were at the center of the IMF’s revised estimates. Trade has been hit especially hard, with the latest forecast predicting that growth will fall a full point from last year to 4.2%.

Falling currency values in emerging markets are also affecting overall global growth as a rising dollar makes debts, imports, and interest rates trickier to manage. Turkey’s economy is expected to grow by just 0.4% next year, down from 7.4% growth last year. Argentina, Brazil, Mexico, and Iran are also expected to be hard-hit .. https://www.cnbc.com/2018/10/09/world-economic-outlook-imf-cuts-global-growth-forecasts-on-trade-fight.html .

While the IMF doesn’t expect spillover effects from emerging market weakness, the report said the U.S.-China trade war as well as rising tariffs on auto and auto parts in general will affect the world market, and if that trade war escalates further, it will hurt China more than the U.S .. https://www.scmp.com/economy/china-economy/article/2167587/trade-war-escalation-will-cut-chinas-gdp-16-cent-and-us-09 . As The Wall Street Journal reports, those tariffs are also pushing Chinese exporters to use creative methods .. https://www.wsj.com/articles/the-u-s-china-trade-battle-spawns-a-new-era-of-tariff-dodges-1539009200 .. such as rerouting and misclassification to avoid tariffs on goods bound for the U.S., expanding a practice that already causes the U.S. to lose $550 million in customs revenue per year.

http://fortune.com/2018/10/09/imf-world-economic-outlook-trade-war-currencies/

Worldwide economic slowdown. Thank Trump tariff war.