
All Is Fair in Love and War, But Apparently Not Trade. Closing the Gap on Global Trade Deficits with the U.S. (A monumental task for a variety of reasons)
By Bob Brewer, Braumiller Law Group
As a broad stroke of tariffs are now levied against various countries to close the trade deficit gap, without truly examining the reason(s) for the imbalance, there will most likely be automatic retaliatory tariffs in a lose-lose situation. The White House stated that currently 50 countries are on the phone with the President, but that is hard to confirm. US consumers will ultimately pay the price, as well as SME’s.