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Here's How Badly Trump's New Tariffs Threat Would Wreck the Economy

The article from The New Republic discusses former President Donald Trump's threats to impose tariffs on Canada, Mexico, and China, highlighting the potential economic implications. Trump's tariff threats are part of his broader strategy to renegotiate trade deals in favor of the U.S., aiming to reduce trade deficits and protect American industries. The article notes that these threats have caused uncertainty in global markets, with potential negative impacts on U.S. consumers through higher prices and retaliatory tariffs from affected countries. It also mentions the strain on international relations, particularly with allies like Canada and Mexico, and the ongoing trade war with China, which could lead to broader economic repercussions, including job losses in sectors dependent on exports. The piece critiques the approach as potentially counterproductive, suggesting that while Trump's tactics might secure short-term gains or concessions, they could undermine long-term economic stability and international cooperation.

Read the Full New Republic Article at [ https://newrepublic.com/post/188823/trump-tariffs-threat-canada-mexico-china-economy ]