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Economic downturns, global chaos, trade conflicts; economists are struggling to keep up with the rapid changes.
Understanding Donald Trump’s impact on tariffs requires looking beyond economic theories; it’s fundamentally about power dynamics.
Power.
Recognizing this might be key to the world’s response.
Economics indeed helps explain the effects, as global trade shifts dramatically.
Instead of leading global trade, America is now sparking conflict. These changes will affect everyone.
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<span class="ui-media-caption__caption-text" data-role="caption-text">PM will 'fight' for deal with US</span>
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Donald Trump claims to be righting past wrongs with America being “looted” by the global trading system.
His rhetoric aside, this is more about power than pure economics, with tariffs granting him leverage over allies and adversaries alike.
This leaders approach to governance mirrors historical empires or criminal empires, creating a line of sycophants eager for favorable trade terms, including Sir Keir Starmer.
Source: https://news.sky.com/story/trumps-tariffs-are-about-something-more-than-economics-power-13341209
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