☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to World News@lemmygrad.mlEnglish · 1 month agoDonald Trump’s tariffs on imports from Canada will begin Saturday, White House sayswww.thestar.comexternal-linkmessage-square22fedilinkarrow-up144arrow-down10cross-posted to: worldnews@lemmy.ml
arrow-up144arrow-down1external-linkDonald Trump’s tariffs on imports from Canada will begin Saturday, White House sayswww.thestar.com☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to World News@lemmygrad.mlEnglish · 1 month agomessage-square22fedilinkcross-posted to: worldnews@lemmy.ml
minus-squareinferiorjc@lemmygrad.mllinkfedilinkarrow-up5·1 month agoHe’s trying to break Canada and Mexico before going after the rest of the world with tariffs while also locking down common investment in the American security complex. If global powers united for tariffs on the US to prevent further crackdown then he just gets another failed Smoot-Hawley Tariff Act (link: https://en.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act) You can read and infer his strategy from Stephen Marin’s paper on remaking the global trade system here:https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf
He’s trying to break Canada and Mexico before going after the rest of the world with tariffs while also locking down common investment in the American security complex.
If global powers united for tariffs on the US to prevent further crackdown then he just gets another failed Smoot-Hawley Tariff Act (link: https://en.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act)
You can read and infer his strategy from Stephen Marin’s paper on remaking the global trade system here:https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf