A simulation was held to explore the consequences of President Trump's tariffs amidst global trade tensions. Experts from various countries gathered at a Washington think tank to role-play different nations' responses to proposed tariffs. This exercise aimed not to forecast specific outcomes but to unveil the dynamics and interactions inherent in a real trade conflict. As actual tariffs are imposed on nations like China and Canada, concerns over economic fallout, job losses, and rising inflation grow, prompting discussions about future trade relations and strategies.
The exercise was not aimed at predicting the future. Instead, by acting out what might happen, the participants were trying to reveal some of the dynamics that might be at play as Mr. Trump pursues an aggressive trade approach against allies and adversaries alike.
While the stakes were real, the trade war was not. Instead, it was a simulation to better understand how a global trade fight might unfold.
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