Reported 1 day ago
Economists suggest that avoiding retaliation is the best approach to prevent an escalating trade war, as retaliatory tariffs can harm both the U.S. and the countries imposing them. While some leaders, notably within the EU and Canada, have considered countermeasures against U.S. tariffs, many are holding back to mitigate the economic fallout. Countries are weighing the potential economic damage that retaliation can inflict on their own economies versus the political benefits of standing up to U.S. measures. As trade negotiations continue, the pressure for retaliatory actions may rise, threatening a broader economic conflict.
Source: YAHOO