Tariffs And Trade Wars: Promises, Domestic, And International Risks/Ramifications
From time to time , the American Presidents also agreed that it would be necessary and/or necessary for the well, to take stronger action and to implement specific tariffs. Historically, the results-particularly the long-term results-have been mixed.
Until now, in modern history we have never seen the new President of the United States enact non-specific, wider tariffs. In this article the implications and consequences of tariffs as well as the possible risks involved are to be addressed, contemplated and evaluated briefly.
This discussion will be divided into three parts: pledges and justifications used; internal and domestic questions and concerns as well as the possible and international threats.
Promises / rhetoric / reason: His promise to make America great again is a central component of President Trump’s call on his core fans. Although this means, we are not great at this moment, because it doesn’t say, more important, it also goes against the prevalent view that the world is much more global than it has ever been and that many (if not all) bigger businesses are non-domestic, in many ways and considerations! There is a major difference between the right course of action from economic as well as a political viewpoint, articulating some rhetoric and truly contemplating it!
Domestic: Some parts of society might believe that they are benefiting from the suggestions of Trump, but they’re short-sighted. Although the steel workers , for example, would assume that implementing a substantial tariff on imported steel could benefit the stable workers, many more workers and businesses would be harmed. Since aluminium is a key component, Boeing will suffer from this step in the construction of aircraft.
The other nations have already announced that they will retaliate, by applying tariffs, to goods we export, so that companies that rely on export will, to name but a few, become significantly harmed by this action, such as bourbon (made at Kentucky), whiskey (mainly from Tennessee), jeans of Levi, and soybean producers.
- International: Just when some adapted and signed agreements without our intervention as Mr Trump, has pulled us out of the TAP agreement and over 50 countries have stepped on, they will adjust to others and, as a consequence of this, there shall be many, unexpected repercussions etc.
For the common good, we need leadership which, in the long term, focuses on possible implications and sustainable solutions! Wake up, America, to demand of people, that our public institutions concentrate their energies on representing all of America, not just a political agenda and/or an interest in itself!