The article highlights Donald Trump's impending tariffs as a potentially catastrophic move for the global economy, likening it to a major earthquake. With the backing of protectionist sentiment, Trump aims to reverse decades of trade policy and position the U.S. in a more favorable light against its trading partners. The article warns that this could lead to retaliatory measures that slow growth, elevate inflation, and increase geopolitical tensions. Trump's framing of these tariffs as 'Liberation Day' reflects a nostalgic view of America's past economic policies, aiming to legitimize his approach and strengthen his legacy.
Trump's trade war threatens to dismantle the economic order established by the Bretton Woods agreements at the end of World War II, leading to profound global instability.
By upending the long-standing rules that have governed international trade, he is ushering in the most aggressive wave of protectionism since the policies that exacerbated the Great Depression.
Trump nostalgically recalls the 19th-century era of high tariffs in the United States, presenting it as the most prosperous time for the country.
He has dubbed April 2 'Liberation Day' in his narrative, arguing that every country has been taking advantage of the U.S.
Collection
[
|
...
]