Trump’s tariff gambit: How US trade war risks global fallout
Donald Trump came to power in America with the catchy slogan of Make America Great Again. However, he has done exactly the opposite in the last few months after becoming the President of America for the second time this year. Trump was worried that America had become only a consumer of goods manufactured in other parts of the world and services provided from different parts of the globe. He promised to make America the factory of the world again. He did not realise that manufacturing of goods had been outsourced because labour, both skilled and unskilled, was cheap in Asia and Latin America, and this arrangement was benefitting both the American economy and citizens. Besides, the replacement of the existing mechanism of supply chain is not easy and time consuming. The tariff war he has launched against the world is a desperate action to bring the American economy back to manufacturing and self reliance. This will backfire on the American economy. Trump’s fluctuating statements on his tariff policy to safeguard the........
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