Trade wars are never good. It increases prices of imports, leads to tit for tat measures and will spike both inflation and unemployment, but we'll see🤷🏻♂️.
I think there's a good case for tariffs being inherently deflationary.
https://x.com/FinanceLancelot/status/1885099135659106633
Either way, what he is trying to do is clear. He wants America to keep terrorising anyone who doesn't to to play their game.
Trade wars are never good. It increases prices of imports, leads to tit for tat measures and will spike both inflation and unemployment, but we'll see🤷🏻♂️.
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