Author: Megha Bahree
Published on: 04/04/2025 | 00:00:00
AI Summary:
President Donald Trump accuses China of "bleeding us dry" through unbalanced deals. He calls Canada’s tariffs on US dairy “a total disgrace” and pointed to Cambodia as a country that has “taken advantage of us for years” with excessive tariffs. What he has left out in his repeated criticisms is the trade surplus the US benefits from. Trump's focus on goods reflects the fact that manufacturing is important to the industrial base, including the defence sector, and it would be problematic if too much manufacturing capacity erodes as it hits productivity. Trump’s latest harsh tariff policies will leave the US services sector vulnerable to retaliation. Foreign countries can deny operating permits for US business firms and can tax digital services, Hufbauer said. They can temporarily suspend copyright, trademark and patent rights or prohibit the payment of royalties. “US service and tech companies could lose a lot of market access, and share market value, as a consequence of Trump’s tariff war,” Hufbauer said. There are already some “buy local” – and boycott US trends in parts of the world which could be formalised by government policies.
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Fucking aljazira keep changing their RSS feed format so it summarising video captions. If u wanna submit a pull request I would be greatful