Wednesday, October 16, 2024

Shock

 Washington Post: ‘Off the charts:’ How Trump tariffs would shock U.S., world economies - If implemented, the former president’s tariff plans would lead to higher costs, stock market volatility and feuds with the rest of the world. By Jeff Stein and David J. Lynch

These proposals would go far beyond the disruptive trade wars of his first term even if they are only partially implemented. They would wrench the nation out of the system of global interdependence that arose in recent decades, making the U.S. economy much more isolated and autonomous, like it was in the late 19th century.

No comments: