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America’s Oligarchs Are Trump’s Achilles’ Heel | by Gabriel Zucman - Project Syndicate

Summary by Project Syndicate
America’s biggest vulnerability in a new trade war is its highly internationalized oligarchy of ultra-wealthy individuals whose fortunes depend on a global consumer base. The best thing that countries targeted by punitive tariffs can do is condition market access for foreign multinationals and billionaires on fair taxation.

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Project SyndicateProject Syndicate

America’s Oligarchs Are Trump’s Achilles’ Heel | by Gabriel Zucman - Project Syndicate

America’s biggest vulnerability in a new trade war is its highly internationalized oligarchy of ultra-wealthy individuals whose fortunes depend on a global consumer base. The best thing that countries targeted by punitive tariffs can do is condition market access for foreign multinationals and billionaires on fair taxation.

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Project Syndicate broke the news in on Friday, February 28, 2025.
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