The Emergence of Two Divergent Trade Blocs, by Hua Bin
Trump’s tariff playbook is now clear. There are three parts to a “deal” Trump imposes on US’s submissive trading partners: Zero tariff on US imports in exchange for an arbitrary non-zero “reciprocal” tariff Trump puts on them (ranging from 10 to 50%) Lump sum purchase, usually several hundred billion dollars, of US goods from energy…
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