Part 8/10:
Despite the storm of opinions and feelings of impending doom, it’s essential to consider how other nations reacted to Trump’s tariffs. Countries like Vietnam, which routinely applies a 90% tariff on American imports, quickly approached the negotiation table, eager to reduce tariffs to zero. Other nations, including Argentina, South Korea, and Japan, followed suit, demonstrating a pragmatic approach to the turbulent trade landscape.
This display of global responsiveness suggests that, while the American economy faces momentary volatility, the actual long-term outcomes may not be immediately discernible. A mere 48 hours are insufficient to evaluate the efficacy of the tariffs, especially when the economic shifts occurred over decades.