The global economy is starting to strengthen from the recession and now a possible trade war with China may put a halt to that. If a battle of protectionism between the U.S. and China occurs it will not be good for the U.S. The battle could be going back into a recession. The main problem that is at hand is not that the U.S. is standing up for itself, but rather what has happened in the past when similar occurrences took place. The launching of tariffs has only caused more harm then good. There is not positive side in raising tariffs. It does not make sense to alienate a valuable trade partner. A trade war could be very harmful to the global economy.
By: Joe Longawa
Tuesday, September 22, 2009
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