Some US business leaders have reacted neutrally, while JP Morgan CEO says tariff threats can be used effectively
US business leaders are offering a mixed reaction to steep trade tariffs that Donald Trump’s administration has imposed on Canada, Mexico and China, as the editorial board of the Wall Street Journal called it “the dumbest trade war in history”.
Donald Trump hit Canada and Mexico with a 25% tariff on imports, and China with 10%, on Saturday in a move that launched a new era of trade wars between the US and three of its largest trading partners. The tariffs against Canada exclude oil and energy products.
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