U.S. President Donald Trump will act on his threat to levy 25 per cent tariffs on Canadian and Mexican products, says White House press secretary Karoline Leavitt.
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.
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