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How Would Charlie Munger View Trump's Tariff Policy If He Were Alive?
The following is an analysis of Trump's tariff policy from the perspective of Charlie Munger:
I. Evaluation of Trump's Personal Traits
Years ago, Munger openly criticized Trump as "vain and boastful", indicating his skepticism towards Trump's personal decision-making style and behavior. From the way Trump has implemented tariff policies, his high-profile promotion and treating tariff policy as a political bargaining chip contradict Munger's emphasis on rational and pragmatic decision-making.
Trump's simplistic attribution of the trade deficit to China "stealing American jobs" lacks a deep understanding of the complexity of economic issues and is more about exploiting public sentiment for political performance rather than based on rigorous economic analysis.
I. Evaluation of Trump's Personal Traits
Years ago, Munger openly criticized Trump as "vain and boastful", indicating his skepticism towards Trump's personal decision-making style and behavior. From the way Trump has implemented tariff policies, his high-profile promotion and treating tariff policy as a political bargaining chip contradict Munger's emphasis on rational and pragmatic decision-making.
Trump's simplistic attribution of the trade deficit to China "stealing American jobs" lacks a deep understanding of the complexity of economic issues and is more about exploiting public sentiment for political performance rather than based on rigorous economic analysis.
WTO Flags Fragile Trade Outlook for 2025 — Services Hold Steady, But Risks Loom Large
The World Trade Organization has just released a sobering update: while a temporary pause in tariffs has helped soften the blow, global merchandise trade is still on track to decline by 0.2% in 2025.
📉 Key Takeaways:
North America faces the sharpest contraction, with exports projected to drop by 12.6%.
If “reciprocal” tariffs and broader policy uncertainty escalate, the fall in global goods trade could deepen to 1.5%.
This scenario would be especially damaging for export-reliant least-developed countries (LDCs).
📈 On a more positive note, the #WTO has introduced services trade forecasts for the first time:
Services trade is expected to grow by 4.0% in 2025 — still solid, though 1 percentage point below earlier expectations.
The bottom line? Trade tensions may be cooling slightly, but the system remains fragile. A misstep on tariffs or global policy could quickly tip the scales.
The World Trade Organization has just released a sobering update: while a temporary pause in tariffs has helped soften the blow, global merchandise trade is still on track to decline by 0.2% in 2025.
📉 Key Takeaways:
North America faces the sharpest contraction, with exports projected to drop by 12.6%.
If “reciprocal” tariffs and broader policy uncertainty escalate, the fall in global goods trade could deepen to 1.5%.
This scenario would be especially damaging for export-reliant least-developed countries (LDCs).
📈 On a more positive note, the #WTO has introduced services trade forecasts for the first time:
Services trade is expected to grow by 4.0% in 2025 — still solid, though 1 percentage point below earlier expectations.
The bottom line? Trade tensions may be cooling slightly, but the system remains fragile. A misstep on tariffs or global policy could quickly tip the scales.
🚨Global Trade Slowdown 😳
The World Trade Organization (WTO) has projected a 0.2% decline in global merchandise trade for 2025. North America is expected to experience a significant 12.6% drop in exports, reflecting the impact of ongoing trade tensions.
#Binance #CryptoNewss #WTO #globaleconomy #BinanceSquareFamily $BTC
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The World Trade Organization (WTO) has projected a 0.2% decline in global merchandise trade for 2025. North America is expected to experience a significant 12.6% drop in exports, reflecting the impact of ongoing trade tensions.
#Binance #CryptoNewss #WTO #globaleconomy #BinanceSquareFamily $BTC
$ETH
$XRP
🚨BREAKING: WTO Slashes 2025 Trade Growth Forecast
Source: Reuters
The World Trade Organization (WTO) has issued a warning of a deeper global economic slump, announcing a significant downgrade in its 2025 trade growth forecast.
🔻 This revision reflects growing concerns over rising geopolitical tensions, protectionist policies, and slowing demand across key global markets.
🔻A decline in trade expectations often signals a broader economic slowdown — and markets are taking note.
Investors should brace for increased volatility across risk assets as global uncertainty intensifies.
#unichartz #worldtrader #WTO
Source: Reuters
The World Trade Organization (WTO) has issued a warning of a deeper global economic slump, announcing a significant downgrade in its 2025 trade growth forecast.
🔻 This revision reflects growing concerns over rising geopolitical tensions, protectionist policies, and slowing demand across key global markets.
🔻A decline in trade expectations often signals a broader economic slowdown — and markets are taking note.
Investors should brace for increased volatility across risk assets as global uncertainty intensifies.
#unichartz #worldtrader #WTO
India Fights Back: Tariff War Sparks Between Delhi & Trump’s USA ⚔️📉
India has officially hit back at Trump-era steel & aluminum tariffs — filing a detailed WTO complaint and announcing new tariffs on U.S. goods worth $7.6 billion. This marks India's first direct trade retaliation during Trump’s second term.
> “We gave diplomacy a chance — now we’re leveling the field,” Indian officials said.
Trump’s tariffs added 25% duties on steel and similar ones on aluminum in March, claiming national security. India calls that bluff, saying it’s just a backdoor safeguard measure, not allowed under WTO norms without consequences.
Here’s what’s happening:
India files WTO notice: Tariffs hurt Indian exports
$1.91B lost due to U.S. duties
India now hits U.S. goods with counter-tariffs to balance the scale
Negotiations ongoing, but Delhi’s patience is running out
Trump linked trade to Kashmir talks — causing major controversy
India also slaps temporary 12% duty on Chinese steel to protect its market
Despite goodwill gestures (like slashing duties on Harleys and bourbon), the U.S. doubled down — even threatening a 26% tariff on Indian exports if talks don’t go its way.
This move could slow down or crash the pending India-US trade agreement, casting a cloud over what could’ve been a landmark deal. ☁️
Why it matters for crypto? Trade tensions can shift global economic focus and capital flows — and India asserting itself more on trade might reflect in Web3 policy, CBDC readiness, and crypto regulation. Global investors are watching closely.
India isn’t just waiting — it’s playing the global trade game hard and smart.
#IndiaUS #TrumpTariffs #WTO #TradeWar #CryptoNews
India has officially hit back at Trump-era steel & aluminum tariffs — filing a detailed WTO complaint and announcing new tariffs on U.S. goods worth $7.6 billion. This marks India's first direct trade retaliation during Trump’s second term.
> “We gave diplomacy a chance — now we’re leveling the field,” Indian officials said.
Trump’s tariffs added 25% duties on steel and similar ones on aluminum in March, claiming national security. India calls that bluff, saying it’s just a backdoor safeguard measure, not allowed under WTO norms without consequences.
Here’s what’s happening:
India files WTO notice: Tariffs hurt Indian exports
$1.91B lost due to U.S. duties
India now hits U.S. goods with counter-tariffs to balance the scale
Negotiations ongoing, but Delhi’s patience is running out
Trump linked trade to Kashmir talks — causing major controversy
India also slaps temporary 12% duty on Chinese steel to protect its market
Despite goodwill gestures (like slashing duties on Harleys and bourbon), the U.S. doubled down — even threatening a 26% tariff on Indian exports if talks don’t go its way.
This move could slow down or crash the pending India-US trade agreement, casting a cloud over what could’ve been a landmark deal. ☁️
Why it matters for crypto? Trade tensions can shift global economic focus and capital flows — and India asserting itself more on trade might reflect in Web3 policy, CBDC readiness, and crypto regulation. Global investors are watching closely.
India isn’t just waiting — it’s playing the global trade game hard and smart.
#IndiaUS #TrumpTariffs #WTO #TradeWar #CryptoNews
⚠️ WTO Issues Global Warning: U.S. Tariff Shake-Up Could Hit the Economy Hard 🌍📉
According to Odaily, the World Trade Organization (WTO) is sounding the alarm 🚨 over the U.S. possibly bringing back ‘reciprocal tariffs’ 🇺🇸📦. If this happens, we could see a 1.5% drop in the global economy by 2025 ⏳— with ripple effects felt everywhere 🌊.
As a result, the WTO has slashed its forecast for global trade growth 📊 from +3.0% to -0.2%. That’s a serious U-turn 🔁 with major implications for supply chains, jobs, and your wallet 💼💸.
Are we heading toward a new trade war? ⚔️ Or is this just economic self-defense?
Sound off below! ⬇️
#WTO #Tariffs #GlobalEconomy #TradeWar #USNews #CryptoWriters #WriteToEarn ✍️🧠
According to Odaily, the World Trade Organization (WTO) is sounding the alarm 🚨 over the U.S. possibly bringing back ‘reciprocal tariffs’ 🇺🇸📦. If this happens, we could see a 1.5% drop in the global economy by 2025 ⏳— with ripple effects felt everywhere 🌊.
As a result, the WTO has slashed its forecast for global trade growth 📊 from +3.0% to -0.2%. That’s a serious U-turn 🔁 with major implications for supply chains, jobs, and your wallet 💼💸.
Are we heading toward a new trade war? ⚔️ Or is this just economic self-defense?
Sound off below! ⬇️
#WTO #Tariffs #GlobalEconomy #TradeWar #USNews #CryptoWriters #WriteToEarn ✍️🧠
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The EU 'Declares War' on the WTO, Challenging US Auto Tariffs: A 'Legal and Political Game' of Transatlantic Trade
The trade tensions between the EU and the US are escalating again in the form of a 'legal battle.' On Thursday local time, the EU officially announced that it would file a lawsuit with the World Trade Organization (WTO) against the tariffs imposed by the US on EU cars and parts. This marks the entry of the dispute over car tariffs into the formal dispute resolution phase under the multilateral trade rules framework.
This is not just a traditional trade dispute concerning 'steel and automobiles'; it also reflects the complex interests entangled in transatlantic relations, the vulnerabilities of global supply chains, and the 'sense of failure' of international trade rules in the current great power competition.
This is not just a traditional trade dispute concerning 'steel and automobiles'; it also reflects the complex interests entangled in transatlantic relations, the vulnerabilities of global supply chains, and the 'sense of failure' of international trade rules in the current great power competition.
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