Customs duties: a one-way American triumph for Trump

Joy and happiness on stock markets around the world following the conclusion of trade negotiations between Washington and Tokyo, and then between Washington and Brussels – the United States will impose a 15% tax on Japanese and European exports to its territory! This wasn't exactly the scenario economists had been expecting in recent months. More taxes inevitably meant less trade, reduced profits for non-American companies, and therefore a subsequent drop in prices.
But it was the dentist's scenario that won out: the throbbing pain among the bosses was such that, in the end, pulling the bad tooth seemed like the best solution. Everyone is now relieved: after the ukases and the delusional threats, Donald Trump has set his benchmark below the expected worst, and everyone is taking this as good news. Business will resume as usual. That's what the bosses wanted...

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