Tariffs are NOT Reciprocal
How did the Trump Administration come up with these tariff rates? Why would a nation like Madagascar, for example, with a small economy, be hit with a 47% tariff? Reciprocal [...]
Martin Armstrong returns for an interview on the foreign and domestic policies currently rolled out in the U.S. and on their implications for the international order. The Trump presidency is only a month old, but it hit the ground running – so fast, in fact, that no one seems to be able to keep up. But can they technically balance the budget of the next fiscal year? Does Armstrong expect even the federal reserve system to get audited, and what does he foresee coming out of such audit?
The Trump administration tries to use tariffs to get production back into the US, but how feasible is an outcome in which the US trade deficit is changed to a surplus by the use of tariffs?
We talk the economical situation in the EU, the upcoming German elections, NATO, BRICS, and Europe’s ongoing push for war with Russia in contrast to the recent U.S. Russia peace-initiatives.