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'Trumpcession': The real reasons behind Trump's trade war and what comes next

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
President Donald Trump launched the largest trade war in modern US history, imposing tariffs of 25% on Mexican and Canadian imports and doubling duties on Chinese goods to 20%. While some of the tariffs on Canada andMexico have been eased,
The article from MSN, titled "Trumpcession: The Real Reasons Behind Trump's Trade War and What Comes Next," discusses the economic implications of former President Donald Trump's trade policies, particularly focusing on the trade war with China. It outlines how Trump's administration initiated tariffs on Chinese goods to address trade imbalances, intellectual property theft, and to protect American industries. The piece argues that these actions, while aimed at reducing the trade deficit and bringing manufacturing jobs back to the U.S., have led to increased costs for American consumers and businesses, retaliatory tariffs from China, and a potential slowdown in global trade. The article also speculates on the future economic landscape, suggesting that the ongoing effects of these policies could lead to a "Trumpcession," a term coined to describe a potential economic downturn attributed to these trade policies. It further explores the political motivations behind the trade war, the impact on international relations, and what subsequent administrations might do to navigate or mitigate the fallout from these trade tensions.

Read the Full Invezz Article at:
[ https://www.msn.com/en-us/money/markets/trumpcession-theface-real-reasons-behind-trump-s-trade-war-and-what-comes-next/ar-AA1ADs6z ]