Eurasia Review on Nostr: Trump’s 2025 Agenda Trades US Global Leadership For Tariffs – Analysis ========== ...
Trump’s 2025 Agenda Trades US Global Leadership For Tariffs – Analysis
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Donald Trump elected in 2024; Republican trifecta in Congress; Trump to take office on January 20, 2025; plans to dismantle Washington Consensus pillars; proposed tariffs of 10-20% on all imports; 60% tariffs on China; threatened 25% tariffs on Mexico and Canada; 100% tariffs on BRICS if alternative currency sought; US trade deficit at approximately $950 billion in 2024; federal budget deficit at $1.8 trillion, 7% of GDP; proposed corporate tax cut from 21% to 15%; potential $800 billion increase in annual deficit; Trump may seek control over Federal Reserve; concerns over US global leadership and military alliances; analysis by Gary Hufbauer, Senior Fellow at Peterson Institute.
#Trump #Tariffs #UsEconomy #GlobalLeadership #TradePolicy #2024Election #Republican #FederalReserve #BudgetDeficit #ForeignPolicy
https://www.eurasiareview.com/10122024-trumps-2025-agenda-trades-us-global-leadership-for-tariffs-analysis/
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Donald Trump elected in 2024; Republican trifecta in Congress; Trump to take office on January 20, 2025; plans to dismantle Washington Consensus pillars; proposed tariffs of 10-20% on all imports; 60% tariffs on China; threatened 25% tariffs on Mexico and Canada; 100% tariffs on BRICS if alternative currency sought; US trade deficit at approximately $950 billion in 2024; federal budget deficit at $1.8 trillion, 7% of GDP; proposed corporate tax cut from 21% to 15%; potential $800 billion increase in annual deficit; Trump may seek control over Federal Reserve; concerns over US global leadership and military alliances; analysis by Gary Hufbauer, Senior Fellow at Peterson Institute.
#Trump #Tariffs #UsEconomy #GlobalLeadership #TradePolicy #2024Election #Republican #FederalReserve #BudgetDeficit #ForeignPolicy
https://www.eurasiareview.com/10122024-trumps-2025-agenda-trades-us-global-leadership-for-tariffs-analysis/