WEALTHTRACK

The Historic Financial Consequences of Trump’s Tariff Policies Tsunami

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Apr 25, 2025
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INSIGHT

Tariffs as Global Shock

  • Trump's tariffs dismantled the post-war international trade system based on most favored nation principles.
  • His reciprocal tariffs with different countries have caused global economic anxiety and market ripple effects.
INSIGHT

Misunderstanding Trade Deficits

  • Bilateral trade deficits do not indicate cheating but natural differences in economic strengths and needs.
  • Trying to enforce equal trade balances would reduce trade efficiency and revert to a barter system.
INSIGHT

Roots of Manufacturing Decline

  • The major job losses in US manufacturing started when China joined WTO around 2000, flooding markets with cheaper goods.
  • Trump's tariffs aimed at China had legitimate grounds but the broad approach on all countries was misguided.
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