A tariff strategy works only if there are enough domestic goods to replace the tariffed imports
'Binyamin Netanyahu smirked at Donald Trump’s unconscionable ethnic cleansing solo run because the Israeli prime minister knows a Trump policy isn’t worth the napkin it's written on.' Photograph: Evan Vucci/APis that the man is so transparent that, for the first time in decades, a US president is being honest about America’s real motives.
Pax Americana 2025 is not so much a well-defined strategy to reshape the world as an exercise in strategic chaos designed to keep everyone guessing, engineered to outrage as many people as possible without any consistency or seriousness that can be depended on.
In Trump’s world, the world of attention grabbing, there’s only so much people will take, particularly if there is a ludicrous sense, like invading Greenland, of absurd theatre about it. Equally silly is the idea that an economy can become rich by trading less. The entire history of economics is one of expanding trade between willing partners. We don’t just trade goods and money but ideas, culture, norms and innovation.
That said, in the short-term some dramatic escalation of a trade and tariff war with the EU is definitely in Trump’s sights. This brings us to Ireland’s exposure.
Weekendreview Donald-Trump European-Union Trade Gaza-Strip
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