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Showing posts with the label Tech Services

Trump’s Tariffs: A High-Stakes Rewiring of Global Trade

Trump’s Tariffs: A High-Stakes Rewiring of Global Trade In 2025, Donald Trump’s second term unleashes a bold mix of tariffs and defense spending demands, aiming to reshape global trade and assert U.S. dominance. Tariffs—25% on Canada and Mexico, 10–20% on China and the EU—target the $971 billion trade deficit, aim to reshore manufacturing, and generate revenue, while pressure on NATO allies to hit 5% GDP on defense ties economic leverage to geopolitical goals. Energy, manufacturing, agriculture, and semiconductors see gains, but services exports, especially tech (AI, cloud computing) and financial services, emerge as the real growth engines, projected to grow 7% and 5% annually. The military-industrial complex (MIC) faces mixed prospects due to tariff-driven cost hikes and allies’ push for self-reliance. While tariffs deliver $26.6 billion monthly and spur steel jobs, they risk an 8% GDP drop and recession. We explore the objectives, sector impacts, and global effects, questioning if...