The article explores the implications of Donald Trump's proposed global tariffs, emphasizing that while allies claim he may not actually impose them, the threat alone creates significant uncertainty in international markets. Surrogates suggest that such threats could lead to negotiations with other countries aimed at reducing their own trade barriers. Historical precedents show that previous administrations achieved some successes through similar tactics, but the article warns that Trump's current strategy could lead to heightened tensions and economic costs, potentially undermining the very goals it seeks to achieve.
The uncertainty created by threats is bad enough, suggesting Trump's proposals, while possibly not enacted, can still destabilize the global trade landscape.
Howard Lutnick argues that merely threatening tariffs might lead to negotiations from other countries, improving trade relations without actual tariff implementation.
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