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Economic Impacts of Trade Tariffs and Geopolitical Events
The chapter delves into the potential effects of unilateral tariffs implemented by former President Trump on the economy, comparing them to sanctions and discussing how economies adapt to restrictions. It also explores the impact of the stimulus during the pandemic, the growth in the US economy due to Russia's invasion of Ukraine, and debates around GDP growth and inflation amidst geopolitical events like the conflicts in Israel and Ukraine.