The article from The New York Times about President Trump's tariff policies provides an in-depth analysis of how protectionist trade measures can disrupt global trade dynamics. As discussed in our economics course, tariffs are a form of trade barriers that increase the price of imported goods to protect domestic industries. However, they also create a range of economic consequences that can have both short-term and long-term effects on the global economy.
One key economic concept highlighted in the article is reciprocal trade. Trump's tariffs on steel, aluminum, and various Chinese goods were met with retaliatory tariffs from affected countries, most notably China. This is a clear example of a trade war, where both sides impose tariffs in an escalating manner, ultimately…
It is wild how the U.S., instead of leading in trade like it used to, is now getting left out of major deals around the world. One part that really stood out was Indonesia joining BRICS. That alone says a lot, but then hearing that other countries like Bolivia and Kazakhstan might join too? That could seriously shift the balance of global trade. BRICS is already massive, and if more countries jump in, that’s much power shifting away from the U.S. It feels like a signal that countries are getting tired of being left at the mercy of American policies, especially when those policies change drastically from one administration to the next.
For this blog comment, I chose One Response to Trump's Tariffs: Trade That Excludes the U.S. by Patricia Cohen. Seeing what President Trump has imposed could lead to a global trade war. President Trump had placed a 25 percent tariff on Mexico and Canada, and a 10 percent tariff on China. Soon the tariffs were delayed for a month on Mexico and Canada. However President Trump assured Europe was next to be placed a tariff. This has led to President Trump to encourage other nations to arrange trading blocs and networks excluding the United States.
The Previous month, the 10th nation that joined BRICS (Brazil, Russia, India, China, and Sound Africa) was Indonesia, this economic club has nearly half of the world's…
The article "One Response to Trump’s Tariffs: Trade That Excludes the U.S." rases topic of reconfiguring of global trade. The US has imposed tariffs on imports from China and could still do so on imports from Mexico and Canada. What is a tariff and how it works?
According to Wikipedia (2025) tariff is tax on the import and export of goods. Tariff could be a "source of revenue for the government" but also be "a form of regulation of foreign trade and policy" for support own country's industry.
Tariffs could have as advantage as an disadvantage. Tariffs on imports lead to increasing prices on import goods which can make domestics goods and services more competitive and increase their sal…
The article from The New York Times about President Trump's tariff policies provides an in-depth analysis of how protectionist trade measures can disrupt global trade dynamics. As discussed in our economics course, tariffs are a form of trade barriers that increase the price of imported goods to protect domestic industries. However, they also create a range of economic consequences that can have both short-term and long-term effects on the global economy.
One key economic concept highlighted in the article is reciprocal trade. Trump's tariffs on steel, aluminum, and various Chinese goods were met with retaliatory tariffs from affected countries, most notably China. This is a clear example of a trade war, where both sides impose tariffs in an escalating manner, ultimately…
It is wild how the U.S., instead of leading in trade like it used to, is now getting left out of major deals around the world. One part that really stood out was Indonesia joining BRICS. That alone says a lot, but then hearing that other countries like Bolivia and Kazakhstan might join too? That could seriously shift the balance of global trade. BRICS is already massive, and if more countries jump in, that’s much power shifting away from the U.S. It feels like a signal that countries are getting tired of being left at the mercy of American policies, especially when those policies change drastically from one administration to the next.
The article lays out a strong case that…
For this blog comment, I chose One Response to Trump's Tariffs: Trade That Excludes the U.S. by Patricia Cohen. Seeing what President Trump has imposed could lead to a global trade war. President Trump had placed a 25 percent tariff on Mexico and Canada, and a 10 percent tariff on China. Soon the tariffs were delayed for a month on Mexico and Canada. However President Trump assured Europe was next to be placed a tariff. This has led to President Trump to encourage other nations to arrange trading blocs and networks excluding the United States.
The Previous month, the 10th nation that joined BRICS (Brazil, Russia, India, China, and Sound Africa) was Indonesia, this economic club has nearly half of the world's…
The article "One Response to Trump’s Tariffs: Trade That Excludes the U.S." rases topic of reconfiguring of global trade. The US has imposed tariffs on imports from China and could still do so on imports from Mexico and Canada. What is a tariff and how it works?
According to Wikipedia (2025) tariff is tax on the import and export of goods. Tariff could be a "source of revenue for the government" but also be "a form of regulation of foreign trade and policy" for support own country's industry.
Tariffs could have as advantage as an disadvantage. Tariffs on imports lead to increasing prices on import goods which can make domestics goods and services more competitive and increase their sal…