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  • myreplyis.com

    myreplyis.com asked in Executive Management 3rd May '18:

    If President Trump pulls off a favorable outcome for the USA as a result of trade wars. May the results translate into a weaker or a stronger global economy?.

    Nisha Malhotra replied 4th May '18:

    If favourable outcome means USA is able to impose higher tariffs on steel and other politically charged industries then a retaliation by the other WTO members would be disastrous for the US economy. Global Economy might come out unscathed - with no repercussions for other WTO members.
    Under the PTA's US has signed - there are repercussions for a member to break the agreements. However, if the other member countries accept US's demands and rewrite old agreements like the NAFTA, this will set a precedent for others to do the same within their PTAs. A loss for the Global economy
    You see a trade policy has to be made within the bilateral and multilateral agreements that have ben signed earlier.

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