"Trump's Tariff Tactics: A Risky Escalation in Trade Wars"
TL;DR Summary
In 1971, President Nixon imposed a 10% import surcharge as a negotiating tactic, which was gone by the end of the year. Trump's proposal for a 10% tariff echoes Nixon's move, but with a focus on China and more aggressive measures. While Nixon's surcharge served as a negotiating tool, Trump's approach may lead to long-term economic consequences and has sparked protectionist debates.
- Donald Trump wants to impose a 10% tariff. Here's what happened when Nixon tried the same thing. Yahoo Finance
- Trump eyes massive escalation in economic war with China The Washington Post
- Trump's flair for the absurd risks a new era of trade wars The Telegraph
- Trump Aiming to Levy 60% Tariff on All Chinese Goods: Report The Messenger
- 'We're already in a trade war': Trump adviser says new tariffs are fair play MarketWatch
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