The difference is that the 2018-2020 tariffs were directed against China, while the “reciprocal” (as Trump calls them) tariffs from next Wednesday are directed against the rest of the world. Other “friendly” countries hit include Britain and Australia which make up the trilateral security partnership Aukus with the US, as well as India which forms the Quad (Quadrilateral Security Dialogue) with Japan, Australia and the US. The larger problem for Trump is not only that other countries are selling more to the US than the US is buying from them, it’s also that US consumers are also becoming less able to buy, and higher tariffs would seal their fate – for as long as they last.
Author: Bunn Nagara
Published at: 2025-04-05 23:00:00
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