US President Donald Trump has imposed a tariff on Chinese imported good. This has sparked speculation of a potential trade war. Firstly, a tariff is defined as a tax enforced on imports. Trump has imposed a 25 per cent tariff tax on US$34 billion Chinese goods into the US starting on July 6. Trump has also threatened additional tariffs at a rate of 10 per cent if China goes ahead with new tariffs which they have proposed to put on …

Read MoreThe Effects of Donald Trump’s Tariff War

US President Donald Trump recently announced a 25 per cent tariff on steel imports and 10 per on aluminium. These tariffs are likely to have drastic repercussions, affecting the economies of many countries. These are the 11 different consequences resulting from President Trump’s import tariffs. Steel makers are winners as they can essentially charge more for their products. Bluescope Steel (ASX:BSL) has a US arm which could charge more for their products. Aluminium companies in the US can charge higher …

Read More11 Consequences of Trump’s Tariffs