The Explainer How can the world fight back against US tariffs?
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Donald Trump has followed through on his threats to impose tariffs on many countries in the world, promising rapid economic prosperity for the US in the process. In the days since, the global markets have threatened to unravel and political leaders around the world are scrambling to coax Donald Trump back to the negotiating table, mostly to no avail. What can global governments do to stand up to Trump here? Should they stand their ground, fight back or is it time for cooler heads to prevail, allowing space and time to restore some calm? We’re joined by Edgar Morgenroth, Professor of Economics in DCU Business School, to examine how Trump's tariffs could be responded to.
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