The publication of precise tariff rates did not alleviate market fears as expected; instead, it led to significant market drops, reflecting worries about potential economic downturns. President Trump's approach to tariff implementation resembles outdated trade policies, echoing the 1920s and 1930s. Analysts highlight the flawed logic behind these tariffs, questioning their sustainable strategic impact. Instead of clarity, the announcements only raised more uncertainties regarding their permanency and underlying intentions, risking the administrationâs credibility in handling economic policy moving forward.
So much for the idea that liberation day would free financial markets from their fear of the unknown. Publication of precise tariff rates, went a cheerful line of advance thinking, would at least allow investors to assess the probable trade effects on the basis of hard information.
The underlying logic, it would appear, is that every country should always have a perfect trade balance with the US - never mind the impossibility of achieving that outcome.
Collection
[
|
...
]