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Trump's Threat of a Tariff Wall
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Dec
30th 2024, Prabhat Patnaik
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Donald
Trump is threatening to use tariffs as a weapon against
other countries. He has already made three threatening
statements: first, he threatened the BRICS countries
that if they dared to move away from the dollar, then
they would have to face 100 per cent tariff in the US
market. Second, he has threatened the European Union
that unless the EU bought more American oil and gas
as a means of reducing its trade surplus vis-à-vis
the US (the surplus on goods trade was $208.7 billion
in 2023), it would face high tariffs in the US market.
*
This article was originally published in the Peoples
Democracy on December 30, 2024.
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