As Ruchir Sharma (FT) argues, a new round of tariffs from the Court of Tangerine Tyrant may not result in negotiations or retaliations, but rather (as it did in his first term) encourage countries (and blocs) to pivot away from US markets.

as he notes:

'Since 2017, the US has abandoned talks on partnerships with the EU & Asia, and cut not a single new trade deal. Meanwhile, the EU has negotiated 8 agreements & China has concluded 9, including a landmark 15-nation partnership in Asia'

#Trade