Who Would Be The Winners and Losers in a Trans-Atlantic Trade War.?

Trump promised to rebuild the manufacturing infrastructure but if there's no market to sell the products, whats the point.

Would you move your factories back to the US during a trade war? Kevin Hassett is Trumps top economy guy and a strict trickle down er.

When has trickle down economics ever benefited the middle class?

You and me .

There will not be a Trans-Atlantic trade war. There is too much at stake. The US and EU can ill afford to collapse the deck of cards that keeps the world economy running.

The EU has been badly stung by Britain (the second largest economy in the EU) deciding to leave. That was a really poor vote of confidence in the EU and what it stood for.

What we see is the EU frantically trying to redefine itself because of Brexit, but also because the new US President (love him, or hate him) has told a few home truths; like "why are the rich European nations not investing in their own defence". We also see a lurch away from the Atlanticist agenda that the UK made sure the EU maintained, to a more insular EU agenda, probably informed by France.

The Paris Treaty is just a side show. The real problem here is the EU needs to work out how it will function without the UK, and without a big fluffy America sorting out all the difficult questions.

The problem for the EU is that they cannot manage a piss-up in a brewery at the best of time.

Interesting times.

The corporate/government fascist elite would be the winners & the common people would be the losers. The environment might also be a loser. The only way the people & environment can win is if products are manufactured/produced locally.

a reply to: carewemust

Canada is still apart of NAFTA. While Trump goes after Mexico, it tends to forget about Canada, and is quickly finding out that if he pulls out, it would free up Canada, to start looking at and making trade deals without considering US interest. And there are plenty of countries that would be more than willing to have such, and jump on it.

China has been looking at and been making inroads to the Americas, both North and South America. Currently they are negotiating with Mexico, to make them a trading partner, if Trump kills NAFTA. And there is a good chance that they are probably already working on Canada, along with the Japanese, and other Pacific countries, where the US is shown to be an unprofitable market for both selling and purchasing goods.

Canada had a large export business for steel to the US so they are the most concerned about the current tariff. China exports very little steel to the US so they are not responding to the Trump proposal. Steel prices peaked around 1917 due to WW1 demand. By the time the Fordney–McCumber Tariff of 1922 was enacted the price of Steel was already crashing.
The history of tariffs and trade wars is very complex and these policies have serious global consequences. Decisions like this are never implemented unless there is a serious problem with a nations trade balance that threatens economic security.
Unless we have been misled and (there is existing/a trade war causes) global recession it will probably stimulate some inflation.