But there are concerns that his aggressive tariffs and “America first” instincts could undermine confidence and cause a slowdown. Trump claimed last month that “trade wars are good, and easy to win”. The car makers Ford and General Motors also issued statements calling for continued dialogue to resolve the escalating trade tensions. On Wednesday, Trump moved to play down concerns over a damaging trade war. We cannot let this continue!”The president added: “When you’re already $500 Billion DOWN, you can’t lose!”The US commerce secretary, Wilbur Ross, also urged calm.

Source: The Guardian April 04, 2018 20:04 UTC