The recent election of Donald Trump to his second US presidential term has various implications for global trade, some of which are relatively reliable and some (like the President-Elect himself) are almost impossible to predict.
Tariffs
Trump either doesn’t know how tariffs work, or, more realistically, assumes that the American people won’t take the time to understand how they work. He continues to say that imposing higher tariffs means countries pay more to the US (of course this isn’t how ta...
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