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Welcome to the World of Pulitzer Prize Winning Political Cartoonist Michael P. Ramirez |
Trade war 10-04-18
Michael is the daily editorial cartoonist for the Las Vegas Review Journal View all 2018 cartoons HERE
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Opinion: Switzerland steps up as U.S. ally in the trade war
Wolfgang KlietmannPublished 10:21 p.m. ET Oct. 3, 2018 DETROIt NEWS President Donald Trump is levying tariffs on several major trading partners. And they're striking back. China says it's prepared for "the biggest trade war in economic history" and promises to impose retaliatory tariffs of "equal scale and equal strength" on U.S. goods. The European Union has slapped tariffs on U.S. products ranging from bourbon to motorcycles. And Mexico has hiked tariffs on $3 billion worth of American imports. These countries are playing with fire -- a full-blown trade war could deeply damage their economies since they're heavily dependent on exporting goods to America. They'd be wise to de-escalate tensions and address the structural trade imbalances that have angered President Trump. For inspiration, they could look to Switzerland, a famously neutral country that has quietly carried on a balanced and mutually beneficial trading relationship with the United States. read more
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