Trade Wars: How they work and who they impact

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Experts say trade wars have historically been damaging to both the country imposing the tariffs and those having to pay them. So why is U.S. President Donald Trump insisting on entering a trade war?

Aalia Adam leads the latest installment of "Global News Explains," as she explores why the protectionist methods of trade wars create environments where everyone loses and how the U.S. only needs to look to the Great Depression to understand the perils of aggressive trade tariffs.

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USA had to put tariffs at the border without canada wall.

frankribeiro

The tariff act worked that’s why America emerged number one by far. Allowing cheap junk to come into America just brings down the standard living for everyone in that country.

mikelandry

What about we got in Canada with protection of the cartel of supply management . We are paying high prices in goods like Milk and in the U.S play the free market price. So now you know... U.S trade play justice, copyright and national security. We can great deal as Maxime Benier said onces low taxes, more opportunities and more goods, plus even better treatment and security in our people...

TruztNoI

Trade war is just a great opportunity for countries like India China Philippines.. what you think industries will keep paying the tariffs they will start shifting jobs outside USA to compensate for the tariffs once tariffs go out of control whoever thinks this will benefit jobs in USA you are just waiting to be made fool of...

avinashprabhu

Im just watching this diarraha for school

dimigtoe

How come higher cost from an outside import, decresse local demand. If the imported stuff is pricy, people will buy domestic. And any small decrease in demand will be covered by increase market shate of domestic producer..

ravinderyadav