Sløk suggested in a recently posted analysis that the administration’s approach may be more strategic than previously thought. The optimistic outlook stands in stark contrast to his earlier position.
In April, Sløk warned that Trump’s tariffs could trigger a recession by summer, particularly harming American small businesses and potentially halting the flow of goods from China to the US, leading to layoffs and a broader economic slowdown. This time around, Sløk suggested that one potential move could be to keep 30% tariffs on Chinese imports while imposing 10% tariffs on all other countries — offering them a 12-month window to reduce non-tariff barriers and liberalize trade access.
“Extending the deadline one year would give countries and US domestic businesses time to adjust to the new world with permanently higher tariffs,” Sløk wrote.
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Here's another author I enjoy...
Extending the deadline just gives them more time to rip us off. Why should it take biz a year to adjust? Didn't take that long when they were trying to screw us like during the lockdown. If Trump expects people to take him at his word he'll maintain his stance.
ReplyDeleteIt's funny how these experts complain about Trump's reciprocal tariffs, but never seem to have a problem with other countries' tariffs against the US.
ReplyDeleteI think I've read everything Carl Hiaasen and Dave Barry wrote. Hiaasen's novels and Barry's essays would make me literally laugh out loud, to the point I was almost afraid to read their books in public. They both worked for the Miami Herald--can you imagine being in a room with both of them?
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