The economic consequences of Mr Trump: what the trade war means for the world
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Unraveling Trump's Trade Policies
This chapter critically examines the economic implications of Donald Trump's trade policies, drawing historical parallels and highlighting their chaotic nature. It challenges the misconceptions surrounding trade deficits and tariffs, asserting that they disproportionately harm consumers and exacerbate inequality. The discussion emphasizes the complexities of global supply chains and the long-term impact of technological advancement on manufacturing jobs, concluding with a grim outlook on inflation and economic stability.
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