Reported about 1 month ago
Former US Secretary of Commerce Wilbur Ross asserts that a trade war with the US would be detrimental to other nations involved, as they rely more on exports to the US than vice versa. He explains that countries like China, Canada, and Mexico have smaller economies and export dynamics that make a trade war 'a loser's game' for them. Ross believes that tensions may not escalate into a full-fledged trade war and criticizes claims of Trump's policies being 'business-unfriendly.' Instead, he emphasizes the aim of changing corporate behavior to encourage local resourcing.
Source: YAHOO