"Trade protectionism is a historical constant, as seen in Bismarck's 19th-century tariffs against wheat imports in Germany, which ultimately failed."
"Carten Brzeski, chief economist at ING, warned against retaliating to Trump's protectionist policies too hastily, citing their erratic nature."
"The European Union has tested the waters with retaliatory tariffs on selected goods, indicating an ongoing response to Trump's aggressive tariff policies."
"Trump's trade focus is on countries he perceives to have an 'unfair' trade surplus with the U.S., such as China, Canada, and Germany."
The article compares Donald Trump's current protectionist policies with past examples, notably Otto von Bismarck's 19th-century tariffs in Germany aimed at protecting local farmers. It highlights the potential challenges of retaliatory measures against Trump's unpredictable tariff strategies. Economist Carten Brzeski expresses caution, warning against immediate retaliation, asserting that the EU's response to Trump's tariffs lacks a cohesive strategic focus. The article illustrates Trump's specific targeting of countries with trade surpluses, emphasizing the dynamic nature of international trade relationships amid rising protectionism.
Read at www.dw.com
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