Will Trump's tariffs harm the USA?
Last Updated: 02.07.2025 05:22
The king is dead — long live the king!
The economy works well when things are predictable and reacts nervously when things are unstable.
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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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.
Asia is uniting, and so is Europe.
Canada in talks with China and the EU.
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Everyone realizes that the era of the U.S. global hegemony is over — and it presents enormous opportunities to other players.