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Three possible futures for the global economy if Trump brings in new trade tariffs

  • Written by: Agelos Delis, Senior lecturer in Economics, Aston University
Three possible futures for the global economy if Trump brings in new trade tariffsAfrica Studio/Shutterstock

The last time Donald Trump was US president, he entered trade wars with China and Europe. But despite his bravado and tariffs, the US trade deficit did not improve.

In fact, it deteriorated from US$195 billion in the first quarter of 2017 to US$260 billion in the same period of 2021.

The first round of Trump tariffs were...

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