The U.S. Scores An Own Goal

  • Stock markets around the world took it on the chin after news emerged of US proposed tariffs on steel and aluminium.
  • Such tariffs would not be a good measure for addressing the problems these are supposed to address, safeguarding US industrial jobs.
  • The potential for escalation is large and there are a host of negative second round effects.

Source: The U.S. Scores An Own Goal | Seeking Alpha