Former WTO boss says Trump's tariffs will backfire

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Pascal Lamy, former Director General of the World Trade Organization, speaks to RIchard Quest on the looming trade war.
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Higher prices will put more money in the corporate pockets of the chosen few. Trump cares little that the general public will be hurt.

dennislabbe
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Higher prices?! Lol. So we might have to pay $5 more for sneakers? Give me a break. I'll gladly pay more to know my children and grandchildren will have jobs in 30-60 years

jtizzy
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Prices won't be higher if you buy US made products, because it won't have a tariff.

captainamerica
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It will only backfire to Donald Trump if all affected countries targeting their revenge primarily to Trump organisation assets around the world. e.g a) buy a hotel right next to Trump hotel, halve the rates. b) Ban the trump trade marks. c) levy extra tax on any services and products associated with Trump names.

TPerm-hjsf
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Did I miss something? Who hires people that are not living in America legally? What happened to Bethlehem Steel (not the team but the Steel company) I'll wait

GsxrBulldog
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2018 is the year of the awakening flat earth will be released by all the news medias

Atheist-flat