Part 5/10:
In a surprising move, Trump has threatened to impose severe tariffs, such as a staggering 250% on Canadian dairy products. This strategy seems counterintuitive, especially against a country that has historically been seen as a close ally. Such actions further highlight how the U.S. is potentially alienating itself on the global trafficking stage and sets the stage for unintended economic consequences.
The data points to the reality that a significant portion of the American economy depends on goods imported from countries such as China. For example, Walmart sources 70-80% of its merchandise from Chinese suppliers. Consequently, the prospect of manufacturing jobs returning to the U.S. as a direct result of the trade war comes into question.