Trump’s Tariff Disaster: Irreversible Damage to America’s Economy and Global Standing
Unlike the initial Trump administration’s relatively limited protectionist measures, the current administration’s actions are far more drastic and damaging, causing significant turmoil in global bond markets and eroding investor confidence in U.S. debt. This unprecedented trade war, fueled by the misuse of emergency powers, is jeopardizing America’s international credibility and economic standing. The resulting economic damage will be substantial, impacting businesses and workers, while other nations are already adapting and forging new trade alliances. Even with a potential shift in administration, rebuilding trust and restoring America’s economic dominance will be a lengthy and arduous process.
John Q. Hosedrinker