Donald Trump’s Tariffs Could Accidentally Spark a Global Trade Revolution
- The Trump administration recently announced new tariffs that will increase costs in the U.S. Economy and destabilize the global economic order in the short term.
- South Korea is reviewing retaliatory measures, while EU officials threaten WTO action in response to the tariffs.
- Economist Thomas Sowell criticized Trump's tariffs, comparing them to harmful policies from the 1920s that contributed to the Great Depression.
- Sowell indicated that Trump's tariffs could lead to a reduction in international trade, as 'everybody loses because everybody follows suit.
11 Articles
11 Articles
Global trade uncertainty hits record high after Trump’s tariffs
Trade policy uncertainty has reached unprecedented levels following new tariffs announced by Donald Trump, according to analysis from LähiTapiola. The latest measures, revealed late Wednesday, include broad import tariffs affecting 185 countries and territories. The White House labelled the day “Liberation Day”, while analysts referred to it as “Tariff Doomsday”. The announcement triggered immediate negative reactions in global markets.
Economist Thomas Sowell Alarmed Trump’s Tariffs May Spark ‘Worldwide Trade War’
Economist Thomas Sowell suggested that President Donald Trump may be taking a “ruinous” approach to tariffs and international trade. Sowell commented on Trump’s trade policies during an interview on April 1, a day before Trump enacted sweeping tariffs on dozens of countries. The “Liberation Day” announcement, as the White House billed it, put in place ...
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