US EditionWant evidence Trump’s tariffs are upending the global economy? Here it is
- South Korea's Customs Service reported a 5.2% export decline for April's first 20 days, year over year.
- Trump's prior imposition of a 25% tariff on specific imports is a likely cause of this downturn.
- Car and steel shipments dropped 6.5% and 8.7%, respectively, while overall exports to the U.S. Fell 14.3%.
- Economist Min Joo Kang noted, "US tariffs are complicating global trade dynamics."
- This data suggests tariffs disrupt trade, and Branstetter expects similar trends from other U.S. Trade partners.
15 Articles
15 Articles
Op-Ed: President Trump Mastered the Art of the Tariff
Donald Trump has made it clear that he is a business wizard. The execution of his tariff policy has shown this to be true. Trump has stated many times that […] The post Op-Ed: President Trump Mastered the Art of the Tariff appeared first on The Western Journal.
Trump tariff shockwaves already buffeting Asian shores
TOKYO – The sudden downshift in South Korea’s exports leaves little doubt about the extent to which Asia is in harm’s way amid Donald Trump’s tariff tantrum. In the first 20 days of April, South Korea’s overseas shipments fell 5.2% year on year — the mirror image of the 5.5% rise for the full month of […] The post Trump tariff shockwaves already buffeting Asian shores appeared first on Asia Times.
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