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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.
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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.
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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.
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Sputnik International
⚡️The US is immediately increasing tariffs on Chinese goods to 125%, Trump announced. Trump announced that the US is immediately SUSPENDING THE IMPOSITION of mirror tariffs for 90 days on over 75 countries. 📌 Subscribe to @SputnikInt
Trump Freezes Global Tariff Push: What Comes Next?
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💬 “We see the impact of this newly announced tariff regime as much more targeted than what we faced before today, and countries that compete against China have a huge incentive to reach trade deals with the US before the 90-day pause is over. I would expect some big deals to be announced with the major Southeast Asian countries before July. Possibly a deal can be reached with Europe as well,” Michael R. Englund, principal director and chief economist for Action Economics, told Sputnik.
💬 “We expect to see some reshoring among various industries, with likely deals between the White House and various vehicle manufacturers to move at least some of their Mexican and Canadian operations to the US in a effort to balance trade within NAFTA. A similar negotiation may be seen with some of the European automakers who have limited production facilities in the US,” Englund said.
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💬 “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.
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A fresh demonstration took place in Argentina’s capital ahead of a nationwide strike organized by the General Confederation of Labor, which unites the country’s largest trade unions. There were no reports of clashes with police or injuries.
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🤡 ‘We should DEMONIZE people like Elon Musk!’ - Governor of Minnesota Tim Walz
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No injuries have been reported so far, but traffic remains heavily disrupted as firefighters work to extinguish the fire and clear the scene, local media report.
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