The article discusses the implications of Donald Trump's tariff war against countries like Mexico, Canada, and China, framing it as a key response to the deepening crisis of global capitalism. It posits that this tariff policy fuels class warfare against the working class, exacerbating societal tensions. The interconnectedness of the global economy makes it impractical for nations to withdraw without severe repercussions, as seen during the COVID-19 pandemic. Ultimately, the tariffs are expected to worsen economic turmoil and reflect broader political crises of legitimacy and discontent within capitalism.
The tariff war is a response to the rapidly deepening crisis of global capitalism which creates an escalation of class warfare against the working class.
Nationalist and populist movements may wish to extricate their countries from a global economy, but withdrawal is impossible without massive disruption.
Trump's tariff war will further aggravate economic turbulence, which is compounded by spiraling political crises of state legitimacy and social discontent.
The crisis of global capitalism is both economic and political, marked by structural overaccumulation and chronic stagnation fostering international conflict.
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