March 1, 2018
DONALD WHO?:
NY Fed chief says tariffs risk 'trade war' as Trump eyes protectionist action (Patrick Gillespie, 3/01/18, @CNNMoney)
It's not about economics, just race."Raising trade barriers would risk setting off a trade war, which could damage economic growth prospects around the world," Dudley said in a speech at the Central Bank of Brazil in São Paulo. Although short-term gains are appealing, "in the longer term it would almost certainly be destructive."The speech comes the same day that President Trump announced that he would impose a 10% tariff on imported aluminum and a 25% tariff on imported steel.
Posted by Orrin Judd at March 1, 2018 1:18 PM