Will Trump's tariffs harm the USA?
Last Updated: 01.07.2025 05:16
The king is dead — long live the king!
Canada in talks with China and the EU.
The economy works well when things are predictable and reacts nervously when things are unstable.
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Trump’s haphazard tariff policies already hurt the USA. In fact, the trade war confirmed to both U.S. allies and enemies that’s it’s a good idea to avoid dealing with Trump’s America.
Trump’s instant and arbitrary tariff hikes destabilized the global economy and prompted other players to de-risk involvement with the U.S.
Everyone realizes that the era of the U.S. global hegemony is over — and it presents enormous opportunities to other players.
Asia is uniting, and so is Europe.