Tariff Wars and Trade Dynamics

This chapter explores the complex landscape of tariff wars, focusing on U.S. trade policies under President Trump and their effects on countries like India and Vietnam. The discussion highlights the flawed reasoning behind tariffs intended to address trade deficits and critiques their potential negative impact on American living standards and global economic stability. Additionally, it examines the escalating tensions between the U.S. and China, drawing historical comparisons to past protectionist measures.