American firms may not profit from a trade war with China, but both Airbus and Brazilian farmers have to be salivating at the prospect.
It appears that President Trump is going to get his much-desired trade war with China. Citing the country’s harmful intellectual property and innovation policies, President Donald Trump on Thursday announced the pending imposition of tariffs on $60 billion worth of imports as well as restrictions on Chinese investment. Trump may have painted his bullseye on Beijing, but much of the pain from this opening salvo is sure to be felt closer to home. As a result of these measures consumers and businesses will be forced to pay higher costs for needed goods while the economy will be deprived of foreign capital.