The End of Globalisation - Will Trump will Destroy Global Trade

1. Trump has promised to impose substantial new tariffs if re-elected, including a 60% tariff on Chinese goods and a 10% tariff on products from the rest of the world. These would be in addition to existing tariffs from his previous term that are still in place.
2. Economists warn that Trump's plan to erect stiff new tariffs would likely cause a flare-up in inflation. This could dampen economic growth and trade.
3. The Tax Foundation estimates that Trump's proposed tariff increases would shrink US GDP by at least 0.8%, reduce the capital stock by 0.7%, and eliminate 684,000 full-time equivalent jobs. This economic contraction would likely reduce US trade activity.
4. There are concerns that Trump's protectionist policies could strain international relationships and destabilize the global trade system
6. Trump has promised to impose substantial new tariffs if re-elected, including a 60% tariff on Chinese goods and a 10% tariff on products from the rest of the world. These would be in addition to existing tariffs from his previous term that are still in place.
7. Economists warn that Trump's plan to erect stiff new tariffs would likely cause a flare-up in inflation. This could dampen economic growth and trade.
8. The Tax Foundation estimates that Trump's proposed tariff increases would shrink US GDP by at least 0.8%, reduce the capital stock by 0.7%, and eliminate 684,000 full-time equivalent jobs. This economic contraction would likely reduce US trade activity.
9. There are concerns that Trump's protectionist policies could strain international relationships and destabilize the global trade system. His potential re-election may accelerate the decline of the World Trade Organization.
10. Trump's isolationist tendencies and willingness to withdraw from global politics could further disrupt international trade relationships.
11. Experts warn that Trump's proposed blanket tariffs risk sparking a global trade war, as other countries would likely retaliate with their own tariffs. This tit-for-tat escalation would significantly reduce global trade volumes.
12. In summary, Trump's proposed trade policies, particularly his aggressive tariff plans and isolationist leanings, would very likely lead to a reduction in global trade if implemented. The combination of higher trade barriers, potential retaliation from other countries, and overall economic contraction would create significant headwinds for international commerce.

SB

Live in eternal uduicy, SB,    So a country is to be impoverished because of trade agrements.

If I was a US citizen I would shout go for the bastards.   Eu Countries ghad n ytade agreements who charge import duties on US imports and moan about it when their exports to the USA are now subjected to  similar treatment.  \Proper trade agreements be negotiated by economic and trade iexpers are wht is needed.     

Stav

Thanks for the above video - a losd of total BS spreading by an ignorant idiot.   Millions of industry-relatd job were exported to China and other countries where cheap labor is used and trade unions are controlled by dictatorial regimes.

This lead to impoverishing of  people especially in the so-called rust belt states - Ohio, Michigan, Wisconsin and Pennsylvania that used to be he wealthiest states  in the USA - but nowadays are by some distance the states with the worst unemployment records. in the US and where there is only one worst state for living of  middle class  and working class people being California  where hundreds of thousands of people live in tents on sidewalks and being in the worst living conditions and crimnality the USA is prevalent.    More than 1,3 million people fled to Republican controlled states and even to  Acapulco - the latter being despite the cartels regarded as less dangerous than the gangsters of California.     It is difficult to understand that any countty or political parties  could just look away from  reality and allow the ultra-wealthy to take total control of USA food and  industrial production.    

China and India = as well as other BRICS countries screw the west by ignring one of the favorite ideologies of the Western nations -  they screw the Global Warming objectives of the EU, USA and other countries and the USA have lost industrial jobs in their millions.   In the USA the Republican Party saw what was happening to the working class people and changed their policies to accommodate the poor and working class peope as their support base.

It is no surprise that  in an environment like that 70% of he voters in opinion pols claimed rhat  70% of the voters said the Biden's economic policies for them was a disaster and 62% of the voters think that Biden was a failure as President,    It is in that environment that even CNN and the New York Times said there is no way Biden and the Democratic Party can win the upcomng elections.   The sanilty and obvious altheimer sufferer Biden is now in deep shit and the lftwing "trash"  media are telling the DP that they need to replace Biden as DP candidate in the upcoming election leaving that Party in chaos lesss than four months before the election.

You will obviously claim that the above is BS, but a typical example was when President Xi went to San Francisco to meet with Biden.   The Governor of Caifornia called for a clean-up of the sidewalk dwellers along the streets along which Xi was to travel and lorryloads of human shit were carted out.     The bestial situation in which the side-walk dwellers live make criminality their only source for survival and thousnds of businesse have closed down in Californa cities,   Even Bezos and Musk fled fom California in disgust and moved to Florids  and Texas respectively.

The same situation prevails in Chicago and New York land to make it worse to people and is made worse  the Govenment opened the Nexicn border and over 9 milion [people emnted he USA.   Those people are properly housed free of charge  and provided with parttime jobs  at very low rates of pay and accordingly given credit cards to buy up to $1 000 per month to cover their food expenses.   You will obviously claim this is rghtwing trash meda making ta allegations - but it came out in articles in the New York Times,    Watch the following evidence from departmental officials in Senate:-

https://www.google.com/search?q=Senator+Hawley+video+on+mirgt+chldren&rlz=1C1YTUH_enZA1068ZA1070&oq=Senator+Hawley+video+on+mirgt+chldren+&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIKCAEQABiABBiiBDIKCAIQABiABBiiBDIKCAMQABiABBiiBNIBCjM1MzMwajBqMTWoAgiwAgE&sourceid=chrome&ie=UTF-8#fpstate=ive&vld=cid:c88aa24c,vid:b-quVroJkIk,st:0    .   

Amongst the illegals were 430 000 umaccompanied chldren and the Govenrment department concerned does not know where at least 85 000 of those children are.   Your obvious remarks would be that is lies from the rightwing extemists and trash - but it is not.   It  showed the ugly face of human trash governing the country at present.

No wonnder the Blacks and Hispanics - that used to be the most important voting blocks of jee Democrats in the USA ar deserting the trash Democratic Party in droves.  

So keep on living the happy dream life you support and ignore reality.   Pleasesupply us with trash BS - I enjoy redig abut the ashit they hive on.  Iy wouldbe lauhjable if it is not so tragic.          

Nonsense...things were better than fine last time...and will be fine this time...it will actually get better as he fixes the blunders of the last 4 years.