A little background on what tariffs do, for those of us who aren't economics experts:
https://news.cgtn.com/news/2025-04-03/Am...Z44/p.html
This writer is good at putting things into a wider international context. If he's right about Trump's reasons for doing the tariffs, it certainly looks as though they will fail, and do significant harm to Americans.
https://news.cgtn.com/news/2025-04-03/Am...Z44/p.html
Quote:The US simply cannot be the victor in a war of economics with China, and free trade is not seen as a winning strategy. The US has thus returned to "fair trade", where tariffs have once more been weaponized to defend national industries from more mature competitors, primarily from China. Tariffs and the threat of tariffs are also used to renegotiate trade agreements. US-centric globalization is over, supply chains are repatriated, and economic nationalism is back. But will the US be successful?
Quote:Temporary and moderate tariffs can be a reasonable instrument to enhance competitiveness, yet they come with significant risks. The US insistence on dominating and preventing the rise of China, rather than accepting a new international division of labour between equal great powers, has resulted in the tariff instrument being used too aggressively and thus, making the US destined to fail.
This writer is good at putting things into a wider international context. If he's right about Trump's reasons for doing the tariffs, it certainly looks as though they will fail, and do significant harm to Americans.
