Trump is taking the Monroe Doctrine global
- On April 2, Trump announced sweeping import taxes, which took effect the following Wednesday.
- Trump aims to restore long-gone U.S. Factory jobs through tariffs.
- He seeks to fix trade deficits and accuses other nations of unfair practices.
- Trump stated, "They’ve taken so much of our wealth away from us," at a Rose Garden ceremony.
- Economists are puzzled, and the S&P 500 has declined 12% since the announcement.
78 Articles
78 Articles
Democracy on the line in global economic trade stand-off – The Mail & Guardian
The Great Depression of the 1930s had begotten severe protectionist policies, with governments around the world imposing rigid tariffs and world trade shrinking drastically as a result. Gradually protectionism eased off, coming to an end after World War II when the United States-led initiative to liberalise trade among all capitalist countries took root. The 1947 General Agreement on Tariffs and Trade and its 1995 successor, the World Trade Orga…
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