Part 7/9:
- Likely Scenario: A more pragmatic view presents itself in the form of negotiations that will likely arise. Countries may engage with the Trump administration in pursuit of compromises that mitigate escalation, although the baseline tariffs may remain elevated.
Drawing from historical intersections of trade and economic policy—where both sides have much to lose from a high-stakes trade environment—the prevalent feeling leans towards negotiations yielding some level of compromise.