Will Trump's tariffs harm the USA?
Last Updated: 02.07.2025 03:39
The king is dead — long live the king!
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.
Everyone realizes that the era of the U.S. global hegemony is over — and it presents enormous opportunities to other players.
The economy works well when things are predictable and reacts nervously when things are unstable.
Asia is uniting, and so is Europe.
Trump’s instant and arbitrary tariff hikes destabilized the global economy and prompted other players to de-risk involvement with the U.S.
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Canada in talks with China and the EU.