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Showing posts with the label Trump Tariffs

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...

The UK-US Trade Deal and the Shifting Sands of Global Trade

Navigating a Fractured World: The UK-US Trade Deal and the Shifting Sands of Global Trade In a world increasingly defined by economic fragmentation and geopolitical rivalries, the recently announced UK-US trade deal marks a significant yet complex milestone for the United Kingdom post-Brexit. While the deal signals a step toward redefining the UK’s global economic role, it also underscores the broader challenges facing the UK, the European Union (EU), and the global trade system. From the rise of protectionism under US President Donald Trump to China’s technological and diplomatic ascendancy, the global trade landscape is undergoing a profound transformation. This blog explores the implications of the UK-US trade deal, the evolving dynamics of global trade, and the precarious position of Europe in a world of emerging trade blocs and deglobalization. This post is based on the above video The UK-US Trade Deal: A Brexit Win with Strings Attached The UK-US trade deal, finaliz...