Donald Trump's trade war is quickly unraveling, contradicting earlier promises of a swift and easy solution to protect U.S. industry without economic pain. Contrary to expectations, the tariffs are causally linked to a slowdown in the U.S. economy while China's economy continues to prosper. Public opinion is against the tariffs, seen as costly and ineffective, and legal challenges questioning their legitimacy are rising. The trade war also strains relationships with former allies and disrupts standard business operations, evidenced by supply chain issues that even impacted seasonal retailers.
Trump would impose tariffs. The world would yield to his will. The tariffs would protect U.S. industry from foreign competition without raising prices.
The U.S. economy is slowing because of the Trump tariffs; China's is thriving in spite of them. Courts are ruling that Trump's tariffs are illegal.
Collection
[
|
...
]