The article critiques Donald Trump's decision to impose tariffs globally, considering it a deliberate act that severely undermines the rules-based global trading system established post-World War II. Trump's rhetoric paints US allies as adversaries, and the proposed tariffs, starting at 10% and higher for certain nations, are seen as irrational and harmful, likely to cause price increases and inflation. The author emphasizes that this move is a direct assault on the equality principle within the World Trade Organization, marking a significant departure from US-imposed global economic leadership.
Trump's decision to impose tariffs on every country in the world is a monstrous act of folly, undermining the global trading system established after World War II.
The tariffs are indiscriminate between sectors but highly discriminatory against nations, penalizing even uninhabited islands in Antarctica.
The tariffs mean prices are certain to rise in the US and elsewhere, fueling inflation and potentially leading to recession.
The unilateral tariffs throw a grenade into the rules-based global trading order, overturning the system the US has long led.
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