Attention Economy


Thursday, April 3, 2025

Trump's Tariffs and the Future of Globalization

Trump Tariffs Aim to Bring Down Curtain on Era of Globalization
https://www.wsj.com/economy/trade/trump-tariffs-us-global-manufacturing-294b0f55
President Trump is sending a clear message to U.S. and foreign companies alike: The era of globalization is over. But while he wants companies to return production to the U.S., it won’t be easy.

Trump’s Trade War Risks Forfeiting America’s Economic Primacy
https://www.nytimes.com/2025/04/03/business/trump-tariffs-dollar.html
The U.S. has steered an economic order for 80 years based on trade and trust. President Trump is blurring that vision. 


US tariff shock underscores the instability of a shifting world
https://www.ft.com/content/70faaac9-a9c5-4654-87fd-8b52792d486f


This Market Upheaval Could Be Just the Beginning
https://www.wsj.com/finance/investing/market-upheaval-from-trumps-tariffs-could-be-just-the-beginning-e70303f3
Investors who think the return to high tariffs will hammer the economy into recession should expect much bigger falls in stocks and bond yields. 

Trump takes America’s trade policies back to the 19th century
https://www.economist.com/finance-and-economics/2025/04/03/trump-takes-americas-trade-policies-back-to-the-19th-century
 
What Rebalancing the US Economy Really Requires
https://www.project-syndicate.org/commentary/economic-rebalancing-according-to-trump-treasury-secretary-bessent-by-glenn-hubbard-2025-04
US Treasury Secretary Scott Bessent’s defense of President Donald Trump’s trade tariffs as a step toward “rebalancing” the US economy misses the point. While some economies, like China and Germany, need to increase domestic spending, the US needs to increase national saving.
 
Even Americans don’t want Trump’s barmy tariffs, writes Douglas Irwin
https://www.economist.com/by-invitation/2025/04/03/even-americans-dont-want-trumps-barmy-tariffs-writes-douglas-irwin
The trade historian predicts that the damage will be geopolitical as well as economic.