There is the strong probability that what Trump 2.0 attempted to do with tariffs were illegal. Trump invoked emergency economic powers when there was no emergency. The US has low unemployment, low inflation, a strong stock market and the highest GDP growth rate in the world.
The fact that Trump 2.0 came within an inch of a brutal, damaging trade war with it's two peaceful neighbours is not a case of no harm, no foul. The fact that Trump 2.0 decided to ignore the binding USMCA trade agreement that he signed indicates that the USA may no longer be considered a trustworthy partner. The US is now in an immeasurably weaker negotiating position than it was a week ago.
Trump 2.0 today basically secured a trade deal that was already in place by Canada in Dec 2024 with a few minor concessions. The art of the deal by Canada!
This trade chaos is not over because China has launched legal action against the USA with the Word Trade Organization because Trump 2.0 launched a major trade war without proper reasons.
The fact that Trump 2.0 came within an inch of a brutal, damaging trade war with it's two peaceful neighbours is not a case of no harm, no foul. The fact that Trump 2.0 decided to ignore the binding USMCA trade agreement that he signed indicates that the USA may no longer be considered a trustworthy partner. The US is now in an immeasurably weaker negotiating position than it was a week ago.
Trump 2.0 today basically secured a trade deal that was already in place by Canada in Dec 2024 with a few minor concessions. The art of the deal by Canada!
This trade chaos is not over because China has launched legal action against the USA with the Word Trade Organization because Trump 2.0 launched a major trade war without proper reasons.
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