US President Trump Endorses Tariffs Again

July 24, 2018 Share Print 0

President Donald Trump has accelerated the rhetoric on tariffs, saying they are a good bargaining tool in his quest to get better trade agreements.

In a Tuesday morning tweet, the president appeared to dig in on his position in the global trade war.

Tariffs are the greatest! Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs. It’s as simple as that – and everybody’s talking! Remember, we are the “piggy bank” that’s being robbed. All will be Great!

The statements comes as Trump has levied $34 billion in targets against Chinese imports and has targeted an additional $16 billion more than will come on line soon. Also, the administration is looking into another $200 billion in targeted duties on a number of Chinese goods.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.