Bitcoin surges past $80K after Trump announces suspension of "reciprocal" tariffs on imports from 75 countries

📌Subscribe to @SputnikInt

Trump’s tariffs come too late as global economy’s geographic center has shifted to the non-West

China raised duties on US imports to 84% in the wake of Trump’s 104% levy. Economists Daniel Lacalle and Fabio Parenti break down the extreme risks inherent in the US president’s strategy.

‘Negotiate or lose’

🔸 “Trade wars are always negative, and no one wins,” Lacalle, chief economist at Spain’s Tressis Gestion financial services company, explained. “From 100% tariffs onward, the impact is enormous and impossible to assume.”

🔸 US exports account for less than 12% of its GDP, but industries inevitably facing severe blowback will include agriculture (grains and oilseeds), machinery and pharmaceuticals, Lacalle predicts.

Attack on allies or sly strategy?

1️⃣“There is [no] distinction between ‘allies’ and ‘competitors/rivals’” in Trump’s tariff approach, says Parenti, an associate professor at China Foreign Affairs University, and Italy’s Lorenzo Medici Institute.

2️⃣Trump’s short-term goal is “TO FORCE EVERYONE TO NEGOTIATE,” Parenti explains. In the EU’s case, this includes demands that the bloc ramp up US energy imports to $350B a year.

3️⃣Same goes for countries like South Korea, where the US wants access to and cooperation in shipbuilding, the automotive sector, and energy sales.

Great trade wall of China

In the case of China, Trump can’t simply bully Beijing into negotiations, Parenti emphasizes. “CHINA WILL ONLY ACCEPT DIALOG AND NEGOTIATION after Trump lifts this enormous pressure with tariffs now of 104%.”

Tariffs too late to reverse tectonic trends

💬 “[Trump’s] strategy will have more negative repercussions for the US than the rest of the world,” the academic said. “The world’s economic geography has already changed in favor of the non-western world,” with tariffs only showing US “weakness,” he summed up.

📌Subscribe to @SputnikInt

🚨US stocks skyrocket as Trump suspends tariffs for 90 days on over 75 countries.

📌Subscribe to @SputnikInt

🔸 Trump announces immediate 125% tariff hike on Chinese goods

🔸 US noose of economic colonization tightens further around Ukraine’s neck

🔸 Trump’s tariffs miss the mark as global economy shifts to the non-West

🔸 Big Trap: Why are countries withdrawing from the ICC?

🔸 China’s rare earth ban could send US nuclear industry into MELTDOWN

🔸 Could China’s strategic PIVOT to the Global South spell TROUBLE for US?

🔸 Cutting Hitler’s last lifeline: why control of the Baltic became crucial to WWII victory

📌Subscribe to @SputnikInt

🇷🇺 Lavrov arrives in Kazakhstan’s Almaty

The Russian foreign minister is expected to participate in the meetings of the Commonwealth of Independent States (CIS) and Central Asian top diplomats, a Sputnik correspondent reported.

📌Subscribe to @SputnikInt

What’s the TRUE PURPOSE of Trump’s global tariff blitz?

The US president’s aim isn’t to plunge the world into a new Depression, but extract negotiations from America’s trade partners to redress imbalances, Roberts, a veteran economist and former US Treasury assistant, explained.

The strategy has already proven somewhat successful, if reports that over 50 nations have agreed to reduce tariffs and pen new trade deals are accurate, Roberts said.

China is another story, according to the economist, with its sheer economic power putting it and the US in a tit-for-tat escalation of increasingly steep tariffs.

The problem, according to the economist, is that Trump “is trying to make China [redress] a trade balance that is caused by the American corporations” which flocked to the Asian nation seeking lower costs and higher profits, ultimately leading to the US’s massive $295B trade deficit.

Otherwise, Trump’s global tariff blitz is aimed at preventing long, drawn out negotiations that would take “years” to complete, Roberts said. “So, he’s using threats to speed the process.”

As for the wild stock market fluctuations, Roberts expects volatility to die down once people understand Trump’s strong-arm negotiating strategy.

📌Subscribe to @SputnikInt

🗣 ‘China WANTS to make a deal. They just don't know HOW quite to go about it’ – Trump

📌Subscribe to @SputnikInt

📹 ‘We just LOST A WAR with Russia’ – Carlson

💬 “No one in Washington cares about Ukraine or the hundreds of thousands of Ukrainian men destroyed — the fact that it’ll be populated by third-worlders. I mean, Ukraine… WE JUST ELIMINATED UKRAINE. Nobody cares,” Tucker Carlson said during an interview with Alex Jones.

📌Subscribe to @SputnikInt