‘In economic terms, Trump’s tariffs make no sense at all’ | Global economy | The Guardian

4 comments

1. In political terms they make no sense either. Pure mindless incompetence it seems.

2. SS: The uncertainty that the tariffs have caused could be as damaging to the global economy as the tariffs themselves. The weakening of the dollar could exacerbate the situation and leave the Fed reluctant to cut rates. The US economy is less important than it was a few decades ago, with 80% of global trade not directly touching the US. The tariffs may cause businesses and countries to bypass the US, and it could become an isolated island while the rest of the world goes its own way. The range of possibilities are too wide to predict.

3. Where are the Trump tariffs on Russia and Belarus?

4. Unfortunately we’re no longer in a global competition for absolute gains. Now relative gains over competitors is being pursued.

   Trump’s team may think that coning out as the best loser is a good strategy.

   Just an idea.

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