Tariffs Can Actually Work—if Only Trump Understood How
- On Thursday, President Trump's new tariff policies caused global market declines.
- Trump reimposed tariffs based on a formula dividing trade deficits by imports.
- The tariffs included a 10% base tariff and steeper duties for many countries.
- French President Macron called the tariffs 'brutal and unfounded'.
- Economists warned these tariffs could harm the global economy and raise consumer costs.
11 Articles
11 Articles
Want to Bring Factories Back? This Is What It Takes
As the global trade war escalates, many companies are taking a hard look at bringing manufacturing to the U.S. Onshoring can yield benefits for the overall economy. Manufacturing locally creates jobs and makes supply chains less risky. Shorter shipping routes have environmental advantages.
"The 1930s are back" – economy and economists paint a gloomy picture after Trump's tariff shock
The US President has announced drastic tariff increases for almost all countries of the world. Economists and associations in Germany see severe consequences for companies and jobs. However, it will be crucial how China now reacts – including for the German economy.
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- 38% of the sources are Center, 38% of the sources lean Right
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