With Donald Trump insisting that tariffs are the royal road to regaining the American economy’s dynamism, the debate is returning about whether a version of protectionism can be the way to address the existing problems of economic stagnation in several developed economies. The argument is familiar: an economy like the American one has a consumer …
Tag: tariffs
Trump’s Tariffs – US Economic Suicide – and the Gold Standard
On November 30, 2024, US President-elect Donald Trump threatened the BRICS nations – Brazil, Russia, India, China, South Africa, Iran, Ethiopia, Egypt and the United Arab Emirates, as well as other states in the process of joining – with 100% tariffs on their exports to the US if they dare to attempt to replace the …
EU will suffer a loss of 260 billion from Trump tariffs – Markets crash from -15% to -20%
If Donald Trump follows through on his promises and imposes tariffs on European goods imported into the US, then the continent will truly be plunged into a deep recession. Donald Trump’s victory could hurt Europe’s economy, as the proposed 10% US tariffs risk hitting European exports such as cars and chemicals, eroding Europe’s GDP by …
The impact of Trump’s duties will be limited – what will happen to the dollar?
Much is said and heard of the Trump economic policy and its impact on both the US and the rest of the world. The dominant media, as they propagated the defeat of the Democratic candidate, so they sow trampophobia – they forget, of course, to say that the economy worldwide was going on in Trump. …
The new era of tariffs and the return of economic nationalism
One of the most surprising developments in the recent American political debate has been the bipartisan consensus against free trade. Just a decade ago, Democrats and Republicans generally championed free trade as part of their support for the neoliberal order—unimpeded movement of goods and capital. But with the 2024 presidential election, both Republican Donald Trump …
Should Trump restore the Gold standard, and if so, how will he go about it?
During his presidential campaign, former President Donald Trump referred extensively to the issue of the inflationary vortex in which the US economy has been involved. In addition, he highlighted the importance of maintaining the dollar as the world’s main reserve currency by pointing to the possibility of the US imposing countermeasures on countries that abandon …
China cancels US tariffs by devaluing the yuan
China is actively promoting its plan for de-dollarization, promoting the yuan as the dominant currency in world trade, effectively challenging the long-standing dominance of the US dollar. China is trying to promote the yuan as a medium of international trade, implementing the basic principle of de-dollarization – reducing dependence on the dollar. China once relied …