US duty hikes may cause retaliatory action, hurt global growth: S&P

摘要

US President Donald Trump's decision to hike duties on steel and aluminium could result in retaliatory action from EU and China, triggering a trade war and hurting global economic growth, S&P Global Ratings said today.It said the overall economic impact of the tariffs on the US in the near term is likely to be minimal, with a mixed impact on corporate sectors.