Three things about Trump's Liberation Day tariffs:
1. are they merely transactional? will concessions mean they'll be reduced/abandoned?
2. Trump is acting as if the US still controlled a large proportion of global trade; it doesn't, its around 13% of international trade (by value); which implies
3. If rather than retaliate, other countries' firms re-focus on regional markets (& states maintain free[ish] trade in those blocs], the harm may in the end be focussed on the US!
#trade #economics
@ChrisMayLA6@zirk.us has moved
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2025-04-03 17:05:28 UTC
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npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjSeen on
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2025-04-03 17:05:28 UTCEvent JSON
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