Modelling of how Trump’s tariffs will hit global trade suggests the US will be the biggest loser – while a few nations may emerge as surprising winners.

Modelling of how Trump’s tariffs will hit global trade suggests the US will be the biggest loser – while a few nations may emerge as surprising winners.

Archived version: https://archive.is/newest/https://theconversation.com/new-modelling-reveals-full-impact-of-trumps-liberation-day-tariffs-with-the-us-hit-hardest-253320

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  • ultranaut@lemmy.world
    0·
    2 days ago

    Not really. Tariffs can accomplish legitimate policy goals but this approach of starting a massive trade war with every major trading partner simultaneously is not an effective strategy for accomplishing anything. Inflation is all but guaranteed to return now.

    • bingBingBongBong@lemm.eeEnglish
      0·
      2 days ago

      I honestly think that this should not be viewed through the lense of legitimate economic policy. This is blatant treason - exempting russian oligarchs from sanctions, while simultaneously crippling the US economy for decades to come.

      This is no administration, it is a flat-out russian occupation of the US.

      • LesserAbe@lemmy.world
        0·
        2 days ago

        It’s not about exempting Russians specifically, it’s about bullying everyone into kissing Trump’s ring. If you run a business or a country you have to go kiss his ass in exchange for an exemption from tariffs.