In some cases, tariffs are a useful tool to address trade deficits or protect key sectors of the country’s economy. Then in some cases you blame A pile of penguins on an uninhabited island Currency manipulation. Guess which one we live in?
This is the harvest of multiple tariffs announced by President Donald Trump on Wednesday afternoon. In addition to the Heard and McDonald’s Islands occupied by Penguin, tariffs target British Indian Ocean territory, and its only crew resided on a United U.S. military base on Diego Garcia Island. Yes, the United States is imposing mutual tariffs on its own forces.
Then there are tariffs on countries that have actual goods and services that American consumers rely on. China: 54%. Vietnam: 46%. Cambodia: 49%. South Korea: 25%. No corner of the U.S. consumer economy will be affected. Prices will rise. The stock market is growing spiral. Economic recession Loom. this The technology industry will be reversed. The billionaire Mark Cuban is encourage People store consumables before it’s too late.
It’s reckless, it’s ridiculous, and Donald Trump has performed well on the campaign. Yes, how he misleads without the telegram Methodology Yes – You can read more hereit can be said that this is completely completely separate from the reality of international trade, but he loudly promised to impose tariffs on his glory.
illustrate Target It is to return manufacturing employment to the United States, which is a bit like a resurrected dodo. The United States still produces a large amount of goods; World Bank. But many jobs in the industry have Replaced by automationa bottle, you can’t re-stick. Higher domestic labor costs mean that products made in the United States will be more expensive by nature, and American consumers have been rejecting it. All of this has been like this during Trump’s first term. Now even more.
Suppose multiple companies do decide to re-move or build factories in the United States. The timeline for these decisions and implementation is years, that is, decades, and the time that follows may be spots. (only Ask Foxconn. ) So what happens during this period?
Reason to have all the weight of the soap bubble. There is no world where the United States suddenly made all the items the country decided to target. There is now a 47% tariff on Madagascar. Do you know why the United States has a trade deficit with Madagascar? They produce vanilla. We don’t. Unless we suddenly set up a vanilla assembly line in Ohio, that doesn’t change.
But perhaps Trump’s so-called Liberation Day is just a master negotiation strategy. “Everyone sits down and take a deep breath. Don’t take revenge right away. Let’s see where this goes,” explain Finance Minister Scott Bessent on CNN Wednesday. “Because if you retaliate, that’s how we upgrade.”
