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"We Are Watching A Rapid Re-Ordering Of How The World Works"
"We Are Watching A Rapid Re-Ordering Of How The World Works" By Benjamin Picton and Michael Every of Rabobank The USA’s 10% additional tariffs on imports from China – described by Donald Trump as an “opening salvo” - took effect yesterday. China retaliated swiftly by announcing 15% tariffs on US coal and LNG, and 10% tariffs on crude oil, agricultural machinery and large engine cars. Those retaliatory tariffs only effect a small proportion of US exports, but they are surgic
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