Trump’s tariffs are about much more than money. They support his agenda to reshape America’s relations with each of the affected nations to the exclusive benefit of the US, Melissa explains. The vision of this consummate dealmaker amounts to no less than a realignment of global trade in support of America’s national security and economic interests. … We’re not worried that the tariffs will spark an upward inflationary spiral; Eric walks through the reasons. If the tariffs were to trigger a global trade war, its effects could slow US economic growth; but that’s not our base-case outlook.
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