...75 years of gradual progression towards freer trade destroyed in a matter of a few months
....ironically by an administration that supposedly champions "Freedom"
....what freedom and for whom?
....every action by Trump 2.0 is impinging on the rights of own citizens and those of others. Not very different from anti-democratic 'rogue' regimes that they had demonised. Once they won the elections, they become them.
Reversing a 75-year trend of lower tariff rates, Team Trump's tariffs are expected to take tariff rates to 8.4% this year, the highest since 1948. Reminder: There is NO example in the history of advanced economies when sweeping tariffs had the positive effects the protectionist Trump team believes are waiting for us on the other side of this tariff push and trade war. Not. One.
