WINNER: MICKEY HOUSLEY OH SNAPS!!!!DISS JOKE WARZ

LATEST TRADE WARS: US ISSUED $34 BILLION TARIFFS ON CHINESE GOODS….

*Image Source: Dreamtime*

By: Economic & Finance Report

In the first round, US issued tarriffs took place at midnight Friday, June 6, 2018. The tariffs was placed on $34 billion worth of chinese goods and products.

The Chinese government has indicated they will retaliate with tariffs on $34 billion dollars worth of USA goods and products.

Both nations seem to be raising the stakes on tariffs issued to one another, pursuing a showdown that may be detrimental to both countries imports and exports.

Neither side seems to be backing down, in the latest trade wars spat, between both countries. -SB

LATEST TRADE WARS: MEXICO IMPOSES TARIFFS ON U.S. IMPORTS!!!!!!!!!!!!!!!!!

By: Economic & Finance Report

Mexico has imposed tariffs on American imports such as pork, apples, grapes, cheese and steel. This is in connection to the tariffs President Trump imposed on steel and aluminum, which affects NAFTA countries Mexico and Canada.

The effects will alter the relationship on NAFTA; one which President Trump has already expressed is in unfair to American workers. He has stated he either wants to renegotiate a fair agreement amongst the NAFTA countries (USA, Canada, Mexico) or independently negotiate with Canada and Mexico, asĀ  separate individual countries. Mexico and Canada have both denounced such a proposal by Trump.

This is coming at a critical time for NAFTA, as Mexico gears for presidential elections on July 1, 2018 and US congressional midterm elections are in November 2018. -SB