Source: Beat The Press
by Dean Baker
“One development for 2025 that can be seen clearly in the crystal ball is improving trade ties between China and Europe. The reason this is a virtual certainty is Donald Trump is doing everything he can to convince the world that, under his leadership, the United States is an unreliable trading partner. He already worked hard to establish this point in his first term when he arbitrarily slapped tariffs on various imports from Canada and the European Union. His ostensible rationale was national defense, but no one outside of Mar-a-Lago could take that one seriously. We worried that we may not be able to get steel from Canada if the US is engaged in a war with another country? Or maybe we’re worried we will be at war with Canada, and they will cut us off. But Trump is showing that the craziness will get even worse in his second term.” (01/02/25)
https://cepr.net/best-bet-for-2025-stronger-trade-ties-between-europe-and-china/