Trump’s Trade Policies

Leavitt Defends Trump Amid Accusations of Presidential Profiting

Ruhle’s commentary highlights President Trump’s inconsistent trade policies, particularly concerning tariffs on China and a seemingly fabricated trade deal with the U.K. This wavering approach, coupled with decreasing cargo shipments, is predicted to cause a COVID-like supply chain crisis within three weeks. Trump’s recent softening of his stance suggests he is seeking a way out of his self-created trade predicament. The overall effect is economic uncertainty, especially for small businesses, due to persistent high tariffs.

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UK and EU Reject Trump’s Trade Policies

A draft U.K.-EU agreement, aiming to reset post-Brexit relations, includes commitments to support Ukraine against Russia’s invasion and achieve a Gaza ceasefire. The agreement also covers cooperation on defense, security, fishing, and energy, alongside a shared understanding of future negotiation topics. EU ambassadors will review progress this week. The agreement further emphasizes multilateralism and adherence to international conventions, despite some British political opposition to certain aspects.

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