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The Conversation
Agelos Delis, Senior lecturer in Economics, Aston University

Three possible futures for the global economy if Trump brings in new trade tariffs

Donald Trump United States European Union Economy China United Kingdom Deficit Europe
Africa Studio/Shutterstock

The last time Donald Trump was US president, he entered trade wars with China and Europe. But despite his bravado and tariffs, the US trade deficit did not improve.

In fact, it deteriorated from US$195 billion in the first quarter of 2017 to US$260 billion in the same period of 2021.

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