{"id":252004,"date":"2025-07-09T23:37:16","date_gmt":"2025-07-09T23:37:16","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/252004\/"},"modified":"2025-07-09T23:37:16","modified_gmt":"2025-07-09T23:37:16","slug":"america-cannot-dodge-the-consequences-of-rising-tariffs-forever","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/252004\/","title":{"rendered":"America cannot dodge the consequences of rising tariffs forever"},"content":{"rendered":"<p data-component=\"paragraph\" class=\"css-1l5amll e1y9q0ei0\">THREE MONTHS ago a tariff announcement by Donald Trump caused a market meltdown. More recently his proclamations have elicited a shrug. On July 7th America\u2019s president <a href=\"https:\/\/www.economist.com\/finance-and-economics\/2025\/07\/07\/the-great-dealmaker-is-conspicuously-short-of-trade-deals\" target=\"_blank\" rel=\"noopener\">published letters<\/a> he had sent to 14 countries threatening \u201creciprocal\u201d tariffs to be introduced by August 1st, including levies of 25% on Japan and South Korea. The next day he said he would impose a 50% charge on copper and, after a possible year and a half\u2019s notice, up to 200% on pharmaceuticals. Yet although the copper price soared, equity and bond markets seem unaffected. Panic has given way to placidity.<\/p>\n","protected":false},"excerpt":{"rendered":"THREE MONTHS ago a tariff announcement by Donald Trump caused a market meltdown. More recently his proclamations have&hellip;\n","protected":false},"author":2,"featured_media":252005,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[695,391,49,978,659],"class_list":{"0":"post-252004","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-leaders","9":"tag-opinion","10":"tag-united-states","11":"tag-us","12":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114825910283163493","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/252004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=252004"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/252004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/252005"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=252004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=252004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=252004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}