🇺🇸🛃 Liberation or Isolation? New Tariffs Threaten Historic Geopolitical Change
The "golden age" begins with grey skies
After months of back-and-forth, threats, and delays, Trump is opening the floodgates of tariffs. Today is Liberation Day - or Termination Day (as the Canadians put it) - as Trump puts reciprocal tariffs on the world.
The White House will impose (on average) 20% tariffs on most imports into the US, what Trump believes is a generous levy compared to what foreign governments are charging US goods. There will be no exemptions, no relief, no selective treatment. The entire world, from ally to adversary, will be in Trump’s trade crosshairs. To tease the new taxes, the White House press secretary Karoline Leavitt showed reporters some of the duties America faces abroad: a 700% tariff by Japan on American rice, a 100% tariff by India on American agricultural goods, and a 300% tariff by Canada on American dairy. According to Trump’s senior-most trade advisor, Peter Navarro, the reciprocal tariffs will bring in $6 trillion over the next decade in new revenue.
Regardless of whether the US is justified in putting tariffs, Liberation Day represents the start of a global rewrite in trade and economic integration. But, even before that, red lights are flashing.
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