#TrumpTarrifs

*Tariff Negotiations?*

- I'll send out letters stating the tariff numbers you'll pay to trade with us

- If anyone imposes retaliatory tariffs, I'll add their rate on top of the tariff number in the letter

- Anyone trading with BRICS will face an extra 10% tariff

* In our country, this is called 'extortion,' not 'negotiation.' *

He imposed absurdly high tariffs and then announced that they couldn't manage negotiations by a self-imposed deadline.

He repeatedly plunges the world into uncertainty. Mutual agreement takes years to forge...

Global trade should be conducted differently – barriers should be removed, not erected.

Of course, this is while protecting one's own economy, but that's not what's happening now.

The escalation of a trade war leads to nothing good. Only to higher prices for customers and increased inflation.

Also, to the need to find new markets.

Ultimately, higher tariffs can lead to a decrease in the volume of goods and even lower overall revenues.

The FED has so far tried to maintain balance, but even over them, clouds are gathering ☹️

So we'll see – hopefully sooner rather than later...

Either we'll call him a 'genius' and his face will be the fifth on Mount Rushmore (which he very publicly desires), or hopefully, we'll forget and repair the damage as soon as possible.