RE:Head for the bomb shelterjgzeger wrote: At this hour it looks like it could be another rough week in the markets. Trump hasn't backed off his proposed tariffs on steel and aluminum imports and has said that no one will be exempt. He has further said that if Europe retaliates, he will counter with duties on European car imports. Sounds like a trade war is coming unless someone comes to their senses pretty quick. Head for the bomb shelter.
I think it's just noise to be honest, and if they do actually come into effect, they'll be short lived. Every tariff implemented will be met with targetted retaliatory tariffs on industries in swing states. Only US steel and aluminum stands to benefit from this.
See what happened in 2002:
https://en.wikipedia.org/wiki/2002_United_States_steel_tariff