Will we be seeing more trade battles involving the U.S.?
The Wall Street Journal reported Sunday...., the Trump administration is reviewing tariff breaks that the U.S. had granted to 1-hundred-21 less-developed countries since 1976.... to promote economic development.
Countries that had benefited from the policy include... Fiji and Ecuador... which see the U.S. as a critical market for their goods.
The report said,... since President Trump took office 18 months ago,... the U.S. Trade Representative has launched wide-ranging reviews of the eligibility of these countries... starting with 25 countries in the Asia-Pacific.
Starting this fall,... it's expected to review countries in Eastern Europe, the Middle East and Africa.
Up until now, the Trump administration believes no country is fit for receiving such tariff breaks.
