Whatever the huge arrogance of US President Donald Trump in the imagination that his administration can bring the world’s economies to the heel in his endeavor to “make America great again”, the truth is the result of this The madness of the tariff It will not depend on Trump, but on how the world responds.
It will depend on whether the world realizes that the main threat is not the possibility of a tariff war Running global stagnation Since the worst of this will fall, although this will be a sufficient threat.
Instead, whether Trump has succeeded in demolishing the tissue of the multilateral settlement and cooperation that prompted us economic development and reducing poverty over the past seven decades, to replace him with a pattern of bilateral bullying.
This may suit the United States, as the largest economy in the world, but it will be disastrous for most of the rest of the world.
Alan Wolf, former Vice President of the World Trade Organization and now a colleague at the Peterson Institute for International Economy, which is based in Washington, is also argue that the United States represents only 9 percent of the global commodity trade, the future of trade -based trade depends mainly on the rest of the world.
Simon Welt and his colleagues at the Lausanne -based International Administrative Development Institute argued that with the exception of a small group that depends on the United States (mainly (mainly Canada and Mexico), Even in the worse tariff war, most economies, if necessary, can replace almost all of its trade in the United States with a statistically modest growth in trade with other countries.
adxpro.online