A South African Economist has said U.S actions of trade protectionism targeted at China will hurt itself and the global economy.
Mike Haworth also said the move is against the irreversible trend of globalization.
“A trade tariff that’s increased basically disconnects the market. And so the country that imposes the tariffs, all of the costs go up relatively because all the domestic manufacturers can then raise their prices because there’s an additional demand that can raise the prices to match …
READ MORE : http://www.africanews.com/2019/09/01/s-african-economist-on-consequences-of-us-protectionism
Africanews on YouTube brings you a daily dose of news, produced and realised in Africa, by and for Africans.
Africanews is the first pan-African multilingual media outlet, unique in its concept and vision.
Subscribe on our Youtube channel https://www.youtube.com/c/africanews and receive all the latest news from the continent.
Africanews is available in English and French.
Website : www.africanews.com
Facebook : https://www.facebook.com/africanews.channel/
Twitter : https://twitter.com/africanews