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If he wins, Trump has promised to create a tariff wall around the United States at a rate of 10 percent for all countries. Right now, some countries face practically no tariffs while a country like China has to deal with an average rate of 19 percent. Trump’s proposal, which has the odor of something composed on the back of a cocktail napkin, is designed not so much to protect American interests as to reward nations (with tariff reductions) that kowtow to Trump and stimulate a global trade war among everyone else. More
The post Trump World, 2025 appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by John Feffer.