S. African economist on consequences of U.S protectionism

S. African economist on consequences of U.S protectionism
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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

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