US tariffs: destabilizing and inflationary
The implementation of 25% tariffs at the US borders will be announced on April 2. The Trump administration’s goal is twofold:1- Collect revenue with the ultimate objective of replacing income…
Philippe Waechter's blog
Tariffs, US Recession, “Smoot-Hawley” and China
The last few days have been marked by Trump’s procrastination on tariffs. One day he imposes very high tariffs on Canada and Mexico, lower ones on China, then he reverses…
Understanding the impact of US tariff measures
Donald Trump has imposed 25% tariffs on products from Mexico and Canada and 10% on Chinese products. This is a first step.There are several points to emphasize. 1- During the…
An explanation of the steel and aluminum tariff war in 16 points
The US imposed steel (25%) and aluminum (10%) duties on Europe, Canada and Mexico on May 31, reflecting Trump’s obsession to bring business back to the US and contain the…