While Donald Trump's supporters elected him for his combative stance, his handling of international trade is proving detrimental. Despite a temporary pause on tariffs, U.S. tariff rates remain historically high, inflating costs for American families. Economists express concern over a potential recession driven by this trade war, particularly with China, where Trump seems to have overestimated the willingness of President Xi Jinping to concede. China is not only dealing with internal economic challenges but is also strategically preparing for prolonged trade conflict, suggesting that the U.S. may find itself more vulnerable.
Voters elected Donald Trump in part because they wanted a fighter... Trump may be more dangerous to his own side of a trade war than to the other guy.
Even after Trump's climb-down declaring a 90-day pause on many of the Liberation Day levies... tariff rates remain the highest in more than 90 years.
Collection
[
|
...
]