America’s Tariff Policies: A Break with Reality and the Rise of a New World Order
Post-May 3rd, Australia should forgo negotiating with the Trump administration regarding imposed tariffs. These tariffs are largely fabricated, based on flawed calculations of trade deficits that ignore economic realities. Furthermore, Trump’s use of tariffs extends beyond trade, serving as a tool for broader political leverage and reflecting a misunderstanding of modern global supply chains. Ultimately, the current situation marks the end of America’s long-held global economic hegemony, leaving the world to adjust to a new power dynamic.
John Q. Hosedrinker