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A trade war worth fighting?

It was a political promise President Donald Trump intends on keeping – while campaigning for the Whitehouse Donald Trump continuously pledged to pull out of the Trans-Pacific Partnership (TPP), get a “much better deal” on the North American Free Trade Agreement (NAFTA) and fix the U.S. trade imbalance with China. Donald Trump was going to fix trade. The script was vague, but now those words are being put into action. Trump’s recent enforcement of a 25 percent tariff on steel and aluminum imports has sparked a global trade war. Mexico has pushed back with 3 billion dollars in tariffs on imported U.S. goods. Canada with more than 12 billion. None of this includes reaction from Europe or elsewhere. And it could get worse, Trade Partnership Worldwide LLC released the report that says more than 400,000 jobs will be lost in America due to higher prices on steel and aluminum. There are a lot of numbers out there and a lot of debate about who will be impacted, who will benefit and could this all backfire? With all the rhetoric, it’s not easy to figure out. That’s where the experts from Michigan State University can help. Dr. Tomas Hult is the Director of the International Business Center in the Eli Broad College of Business at Michigan State University. He is an expert on the subjects of international business and trade. Tomas is a published author and has appeared many times in the media speaking to these important issues. Simply click on his icon to arrange an interview on this topic. Source:

Trade wars – is America’s economy collateral damage?

There’s been a lot of tough talk on trade coming from Washington as of late. With debates and even some delusions about trade surpluses and deficits,it’s feed for the political fodder, but are the politics behind the talk negatively impacting America’s economy? President Trump says he is standing up for American jobs, but by threatening to tear up NAFTA and imposing billions in tariffs on China, is starting a street fight with America’s traditional trading partners worth it? The common folk might think so. However, those who control the markets on Wall Street think not. The DOW is down. A lot. The NASDAQ is also falling. That means a lot of money is being lost and the ripples might be felt by middle America in the form of lost jobs. So, what exactly happens in a trade war? Is America truly getting the raw deal President Trump is claiming when it comes to doing business with China, Canada, Mexico and others? What will come of all the tough talk on trade? How will it impact the economy? There are many questions and issues to consider. That’s where the experts from Missouri State University can help. Dr. David Mitchell is a professor of economics and director of the Bureau of Economic Research at Missouri State. He is also an expert in economic forecasting and understanding market trends and direction. He can address what these trade wars will do for America's economy and what, if any, effects they will have on the American people. Click on his icon to connect with him. Source:

Time to talk tariffs

Need to understand trade wars and tariffs? Goizueta's Jeff Rosensweig can explain. "These foreign nations that we're going to put these import taxes on, these tariffs, are not stupid," he tells NPR. "They're going to retaliate against our exports, and they're going to hit us where it hurts, which is often our farm exports." Source: