“Investors are rattled about the economic and inflation impacts of tariffs and a potential trade war,” said Greg McBride, chief financial analyst at Bankrate.com. Business managers and political leaders fear that Europe could be caught in the crossfire of a trade war between two economic superpowers. “Instead of a trade war with the United States, Europe now faces the threat of a trade war with China,” Mr. Felbermayr said in a statement. In addition, the White House said it might impose import quotas to prevent too much foreign metal from flooding into the United States. “Our members do not want to see a trade war,” said Kenneth Jarrett, the president of the American Chamber of Commerce in Shanghai.

Source: New York Times March 23, 2018 09:59 UTC