Bad news in a global scale. As a cyclic center for global economy, the last policies of Trump government can have devastating effects in the rest of the world, and not just because of the tariffs, but because of the impact that this can have in the US economy as a whole.
It’s predominantly going to affect countries that are reliant on trade with US. For example, I doubt Russia, Iran, or DPRK are going to care all that much. The most likely result of all this will be that there’s going to be more focus on trade with BRICS and decoupling from the west by the Global South.
Bad news in a global scale. As a cyclic center for global economy, the last policies of Trump government can have devastating effects in the rest of the world, and not just because of the tariffs, but because of the impact that this can have in the US economy as a whole.
It’s predominantly going to affect countries that are reliant on trade with US. For example, I doubt Russia, Iran, or DPRK are going to care all that much. The most likely result of all this will be that there’s going to be more focus on trade with BRICS and decoupling from the west by the Global South.