Trump’s tariff bombshell: Rewriting the rules of global trade
Mark Leonard's World in 30 Minutes
Impact of Tariffs on U.S. Economy
This chapter examines the consequences of a 20% tariff on EU imports to the U.S., focusing on the financial burden it places on consumers and the potential for inflation and economic slowdown. It also discusses the relationship between tariffs, exchange rates, and historical consumer behavior during trade conflicts.
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