The White House is touting its new tariffs as a political win, but there could be some long-term costs associated with the policies.
For instance, there is a concerning shift in U.S. trade policy underway from a rules-based system to a zero-sum approach.
This move, while securing some short-term concessions, is straining relationships with key allies like the EU and Japan. It’s also raising significant economic risks, including potential stagflation and higher prices for consumers.
The focus on political victories over sound economic policy and global cooperation could lead to lower living standards in the U.S., reduced competition, weakened alliances, and diminished global trust in U.S. leadership.
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