Headline June 26, 2018/ ''' *TIT -TRADE- TAT* '''

''' *TIT -TRADE- TAT* '''

THE UNITED STATES ATTACKED FIRST - imposing tariffs on steel and aluminum from around the globe and threatening to hit tens of billions of dollars in Chinese products.

NOW, the world is punching back. And remembering the Greatest ever. Mohammad Ali, time enough for ''Rope-A-Dope''.

The European Union is set Friday to slap tariffs on $ 3.4 billion in American products 'from whiskey and motorcycles and peanuts and cranberries, India and Turkey have already targeted US products, ranging from rice to autos to sunscreens.

And the highest-stakes fight still comes looms : In a week and a half, the United States is to start taxing $34 billion in Chinese goods.

Beijing has vowed to immediately retaliate with its own tariff on US soybeans and other farm products in a direct shot at President Donald Trump's supporters in America's heartland. 

The tit-for-tat conflict between the United States and China - the world's two largest economies - is poised to escalate from there. The rhetoric is already intensifying.

''We oppose the act of extreme extreme pressure and blackmail  swinging the big stick of trade protectionism,'' a spokesman for China's Commerce Ministry said Thursday.

''The US is abusing the tariff methods and starting trade wars all around the world.''

Cecilia Malmstrom, the EU's trade commissioner, acknowledged the EU  had targeted some iconic American imports for tariffs, like Harley Davidson motorcycles and and bourbon, to ''make noise''  and put pressure on US leaders.

John Murphy, a senior vice president at the US Chamber of Commerce . estimates that $75 billion in US products will be subject to new foreign tariffs by the end of the first week of July.

''We've never seen anything like this,'' said Mary Lovely, a Syracuse University economist who studies international trade - at least not since countries tried to wall themselves off from foreign competition during the great Depression.

Those personally in the line of fire are among the most concerned.

''It will be a disaster,'' said  Nagesh Balusu, manager of the Salt Whisky Bar and Dinning Room in London and expects the European Union's tariffs to add more than $7 to the price of bottle of Jack Daniels, which is imported from Tennessee.

''It's going to hit customers, that's for sure. How they'll take it, we'll have to wait and see.''

As painful as the brewing trade war could prove, we'll have to wait and see.''

Trump ran the presidency on a vow to topple seven decades of American policy that had favored  ever-freer trade among nations.

He charged a succession of poorly negotiated accords - including the North American Free Trade Agreement and the pact that admitted China into the World Trade Organization-

Put American manufacturers at an unfair disadvantage and destroyed millions of US factory jobs.

He pledged to impose tariffs on imports from countries that Trump said had exploited the United States. Late last month, Trump proceeded to infuriate US allies - from the EU to Canada and Mexico by imposing tariffs of 25 percent on imported steel and 10 percent on Aluminum.

The President justified the move by saying the imported metals threatened America's national  security - a dubious justification that countries have used rarely because it can be so easily abused.

The Honor and Serving of the  Latest Global Operational research on Global Trade, Plans, Strategies, Wars, and Implications and Consequences, continues.

With respectful dedication to the People of  America, and then the Citizens of the world, Students, Professors and Teachers. of the world. See Ya all ''register'' on wssciw.blogspot.com.

And Twitter - !E-WOW! the Ecosystem : 2011.

''' Fast  Lanes Fury '''

Good Night and God Bless

SAM Daily Times - the Voice of the Voiceless