Tariff Impact on Global Trade

This chapter explores the recent rise in U.S. tariffs, marking the largest increase in modern history, with a focus on its repercussions for global markets, particularly for China. Economic experts analyze the potential fallout, including recession risks and changing trade alliances, while discussing the ideological shift in Republican support for tariffs as a solution for domestic issues. The chapter reflects on America's declining global influence, the unintended consequences of protectionist policies, and the broader implications for working-class families and international relations.