Market Mover Speciale Trento 2. L’Europa e i nuovi dazi
May 25, 2025
Giuliano Noci, Pro-rector of the Polytechnic University of Milan, dives into the implications of rising tariffs under Trump’s trade policies. He discusses how these tariffs reflect power dynamics and possess psychological motivations, warning of potential global tensions. Noci also examines the ramifications for U.S.-China relations and the need for strong economic strategy amidst these trade conflicts. Delving into the intersection of politics and academia, he explores how intimidation shapes democratic discourse and decision-making.
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Trump's Tariff Obsession and Power
- Trump's obsession with tariffs reflects his need to manifest power and virility.
- This obsession is dangerous because tariffs amplify global economic imbalances instead of solving them.
China's Strategy Against Tariffs
- China responded strategically to Trump's high tariffs, avoiding economic asphyxiation.
- Both economies face consequences, revealing a fast-food style diplomacy returning to the starting point.
Misguided Fiscal Policy Undermines Innovation
- Trump's expansive fiscal plan relying on tariffs is mathematically unsound and utopian.
- Cutting science budgets while increasing defense spending undermines US innovation, its true growth driver.