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"This is an era where trade has become a tool in geopolitical rivalries, bully boy tactics" FT columnist Gillian Tett talks to Katie Razzall about Trump's tariffs and trade deals #Newsnight

11,855 просмотров • 1 год назад •via X (Twitter)

Комментарии: 2

Фото профиля Chris Gollop
Chris Gollop1 год назад

@katierazz Can the BBC make up its mind whether this is a tariff or trade deal? It started off being announced by @BBCNews presenters as a ‘major new trade deal’ then the BBC changed the headlines to a tariff deal and now it’s back to a trade deal, what is it? @Ofcom @RobbieGibb @afneil

Фото профиля #ILovetoBoogie
#ILovetoBoogie1 год назад

@katierazz More BS from a lying, tawdry, propaganda machine. We deserve better. #bbcpaidpropaganda

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🇺🇸Trump’s Tariff Plan Explained: Destroy or Help The US Economy? Trump describes tariffs as his "favorite word." To understand the concept, think of it like this: Imagine you’re an accountant seeking business referrals. You meet someone who sells auto insurance, and you agree to exchange referrals equally. A month later, you’ve given them five referrals, but they haven’t given you any. You now have a "referral deficit" while they have a "referral surplus." This is similar to a trade deficit versus a trade surplus. Now, on a larger scale, the U.S. has a global trade deficit of $1.1 trillion, meaning it has provided $1.1 trillion more business to other countries than it has received. China, on the other hand, has a trade surplus of $823 billion, receiving more business than it gives. Trump’s use of tariffs is an attempt to address these imbalances and renegotiate trade deals. Tariffs are tools that governments can use to create leverage in trade negotiations. Historically, tariffs have been used as a form of taxation on imports, dating back to the Roman Empire and becoming prominent in the mercantilist policies of the 16th and 18th centuries. Economist Adam Smith, known for his book Wealth of Nations, argued that tariffs can disrupt free trade, but he noted 2 exceptions: protecting industries critical to national security and counteracting tariffs imposed by other nations. These points remain relevant in modern trade discussions. When examining trade surpluses and deficits globally, China leads with a significant surplus, while countries like the U.S., UK, and India experience deficits. Tariffs can serve as leverage to balance these relationships and ensure fair trade practices. Understanding tariffs and trade negotiations is key to grasping how governments seek to protect their economies and industries in a globalized world. Source: Patrick Bet-David , @ValuetainmentTV

Mario Nawfal

322,734 просмотров • 1 год назад