I think, Trump is dangerously overdoing it using tariffs as a weapon whenever it suits him! Most likely, he is also overestimating the effectiveness of this instrument!
The world has gained a lot of prosperity after World War II by instituting as much free trade as possible among as many countries as possible. Trump has just upset the NAFTA.
Trade wars can get very nasty quickly and many people will lose!
"The president-elect said in a post on X over the weekend he would impose 100% tariffs on countries that try to replace the dollar as the main currency for settling global trade transactions. Meanwhile, some U.S. steelmakers are pushing Trump for even more tariffs, and a freight railroad merger that connects Canada, the U.S. and Mexico now finds itself on the wrong side of Trump’s tariffs."
The language by Trump is totally inappropriate! Is he out of his mind?
No comments:
Post a Comment