Trump proceeded and put a mutual tariff and called the day he did so ‘Liberation DayHe clearly believes that the American markets are so important for all countries that they will ensure balanced bilateral trade, and important players will invest in the US. The immediate economic decline for the US and the rest of the world has been disastrous.
All countries are trying to withstand a new situation through various strategies, which from reducing their tariffs to reducing our imports to implement counterwelling tariffs on them. On his behalf, Trump has called upon Americans to tolerate short -term pain for long -term benefits. However, the question is whether their move will have any real advantage to the US, including decisively growth in the manufacturing sector. It is still an impervious.
There is no evidence that Trump will succeed on any major fronts opened by him. There is a possibility that he will have to compromise on all four. But then, Trump is unconventional and announces victory in all these areas, even when no one is.
(The author is a former secretary (West), Ministry of External Affairs. He can be reached @vivekkatju. This is an opinion piece, and above the idea expressed above the author. The Quint Neither endors nor responsible for the same.)
