To open a spaghetti bowl of tariffs

Unlock Watch Bulletin Free from White House

Your guide to Washington and the world for the 2024 election of the United States

The writer is a consultant for the President of Queens College, Cambridge and Allianz and Gramercy

Image of business leaders, governments and investors Drink fire hose in US policy President Donald Trump has gained additional complexity because he has declared a sudden break in high “mutual” tariffs permanently.

The result is a short and long-term economic forecasts of Whipawed Financial Markets and Wall Street. Allow all this to make sense, let me go through four ways known in a certain way.

The 90-day break, a 90-day break, the Trump’s 90-day break faces a tariff that applies the 65 percent of the 65 percent increase and other restrictions. On the contrary, the EU has postponed a break, the game button, or the return of the game button or the return. Like others, it is also eager to see what Trump’s thinks about the company’s concessions.

What is in exchange, the latest comments of high-level management officials, have a common element of the general element: the role of the bond market. Apparently, they understood the criticalism Segment of US Treasures Buyers and sellers were very close to the line that separates the unusual volatility from the market failure could not find a price for the operation.

In 2008 and 2020, at the 2020 economy and international economy and international economy and international economics and governments, in the 2020s, which resulted in large circuit fighters.

Other factors that contribute break, JPMorgan Chase CEO Jamie Dimon included the toughest folk warnings from prominent figures. I also understand that there are avalanches of uncomfortable challenges in governance, congress and federal reserves. Then came a classic attempt to develop a narrative to adapt to what happened: the break, contacted the management by contacting a research to reduce the tariff and non-tariff barriers after more than 70 countries.

At the beginning of a television office last Thursday, the President, “transition costs” and “transition problems”, strengthened a bumpy concept. After all, the variability is not a feature and is not an error The art of bargain. The main thing to remember American households and companies is inevitably attractive destination.

This leads to the third point: holes in the journey. There are immediate executive risks associated with stagnation winds; interact with regulatory and so-called government efficiency agenda; The main market includes dislocation; and make serious concessions in the hope of resolving the risk of trade wars and investment sanctions in other countries.

Meanwhile, it seems that gold prices and other partial indicators are far from an American, as soon as the states of the global economic and financial procedure in the global economic and financial procedure.

There are also operating risks. In each of the countries with so many countries, it is not easy to negotiate with many countries, each other in a different way, but also the company’s special discounts. And if the spaghetti dish can only solve internal differences in the main purpose of this trade war, this spaghetti pot is succeed. Is low or zero tariffs apply fair trade or significant income and constant reshore production? If there is something, public opinion has increased in the last two weeks.

One side thinks that the result of all this is the result of the United States and the global economy, a wider reagan. The United States is more active in a privately sector and a subtle, more productive government creates competition with a level playing field. The other person believes that the United States will result in the United States, the United States, which faced the US-US-US tension in the chapel, the United States.

The bottom line is clear. The volatility of the last two weeks undoubtedly went on a concern against the US economy and other countries and an uncertain space. This will seriously test the ability to reflect the financial system and the global position of America, including China’s self-sufficiency as a better and long-term partner.