Trump's Tariff Plan May Shatter Pillars of the World Trade Order – Academic | WHAT REALLY HAPPENED


Trump's Tariff Plan May Shatter Pillars of the World Trade Order – Academic

The Trump administration's decision to unilaterally increase import tariffs on steel and aluminum could trigger a domino effect worldwide thus affecting the global economy, Huang Weiping, professor at the People’s University of China, told Sputnik.

The US attempt to unleash a trade war on China creates a dangerous precedent which could undermine the very principle of free trade, Huang Weiping, professor at the People's University of China, warns.

"If a trade war begins between China and the US it won't imperil financial flows since these countries are two large economies and China has a sustainable balance-of payment surplus in bilateral trade with the US," Huang told Sputnik China. "However, the situation, when trade between two countries is guided by the principle of mutual sanctions instead of free trade, it creates a dangerous precedent. Thus, in the future any country could unilaterally impose any sanctions [against its competitors]. And then the entire world trade order will be destroyed."

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But With Trump

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ain't that right , boys !)

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