Trump’s Tariff Wars - What Happens Next?

Donald Trump fired the first shots in a potential global trade war by announcing tariffs on Canada, Mexico, and China, although the tariffs on Canada and Mexico were later suspended. This chapter explores the implications and potential continuation of these tariff hikes.

The tariffs were implemented under the president's authority to regulate international commerce following a national emergency declaration. The chapter discusses the reasons behind the tariffs and their impact on various sectors.

Trump's focus on tariff hikes, high-tech goods production, and reciprocal tariffs on other nations is detailed in this chapter. The discussion covers the implications of these strategies on trade relations and the economy.

The revenue generated from tariffs, the impact on prices of goods, and the potential effects on domestic manufacturers are analyzed in this chapter. It also explores the use of tariffs as leverage in negotiations and their limitations in replacing other forms of taxation.

The chapter addresses the potential retaliation from trade partners, such as Mexico, Canada, and China, against Trump's tariffs. It discusses the challenges and implications of retaliatory measures in a global trade context.

Trump's trade policies, including tariffs, exemptions, and their implications for various industries, are explored in this chapter. It discusses the rationale behind the tariffs and their impact on different sectors of the economy.

The chapter delves into the complexities of trade deficits, industrial policies, and the challenges faced by countries like the United States in balancing trade relationships. It also examines the implications of long-term trade deals and policy decisions on international trade dynamics.

The chapter looks at potential future scenarios in global trade, considering factors like tariffs, trade relationships, and policy uncertainties. It analyzes the impact of trade disruptions on businesses and the overall economy.