Summary
Donald Trump imposed sweeping “reciprocal” tariffs on dozens of nations, including a 104% levy on Chinese goods, claiming to boost U.S. manufacturing.
These tariffs, calculated by dubious trade deficit formulas, hit major trading partners like the EU, Japan, and South Korea.
Economists warn of rising inflation, recession risks, and potential stagflation. JPMorgan estimates a 60% chance of global recession, while U.S. consumers may face $2,100 in added yearly costs.
Despite retaliation threats, Trump refuses to back down. Businesses and allies express concern over economic damage and trade instability.
Can we avoid using the reciprocal word where it’s mostly an uniltaeral decision from US ?
I bet that the only US jobs that will be created on the short term will be to re-inforce the purchasing department of US companies importing foreign group, and the US-logistic department of foreign companies exporting in the US. But in between, I see why many corporation will push the brake on any non urgent purchasing. (And Ironically, business school graduates aren’t a category massively impacted by unemployement nor fearing to be replaced by LLM)
Hum… Putting them in quotes is nice, it reminds people of the claim.
I think the best would be to also explain in parenthesis, like: “reciprocal” (unilateral)
Yeah, they should put that word in quotes
its sorta significant though since like china increased tariffs in response which if we are doing reciprical means that get added on to ours to. It effetively means we are just cutting trade off completely for all practical purposes.
do they count google and facebook and Microsoft office licenses as exports? i thought the biggest companies in the world were in america
Those would count as services which Trump explicitly excluded from his calculation, presumably so that he could claim the US has a larger trade deficit than it actually does. Although given he basically pulled the formula out of his ass anyway I’m not sure why he bothered to fudge the numbers as well.
If the rest of the world trades with each other to replace the US, isn’t the US just fucked?
