The least said about Trump’s “tariff” is that it is a naive, reverse, ignorant, bad, unnecessary, dangerous, and destructive work.
And the increase of the tone only: a demonstration of unusual stupidity.
The bad reaction to the markets – that is, investors – all over the world has all these components. Perhaps another one. the The way the White House reached the prices it imposed, especially in Asia, was through an approximate accountAt a level of amateurs similar to the discussion in which the main Trump advisers are submitting the national defense plans to request commercial correspondence. It would be funny, had it not been for the destructive consequences of the international system in general – not only for the international trade system.
For the United States, economists from various directions expect that the “tariff” – nicknamed “Liberation Day” – will free the Americans from their savings, jobs and wages. In addition, inflation will immediately raise the economy growth rate.
The damage to the rest of the world is already described as enormous, including those who break confidence to the destruction of military alliances and a commercial war. Trump was described today even by American Institute of InstitutionsA famous governorate institution, such as “illiterate economics” – a person who did not understand the reasons for the American trade deficit (basically a country consumes more than investment) and cannot read signs of danger forward, not even for himself.
