Donald Trump is escalating his threats to increase tariffs on imports if he wins a second term in the White House, reviving fears of renewed trade wars that hit the global economy during his presidency.

On Saturday, Trump went further, promising tariffs of 100 per cent on imports from countries that were moving away from using the dollar — a threat that could engulf many developing economies too.

“I’ll say, ‘you leave the dollar, you’re not doing business with the United States. Because we’re going to put a 100 per cent tariff on your goods,’” he said at a rally in Wisconsin.

“If we lost the dollar as the world currency, I think that would be the equivalent of losing a war,” he told the Economic Club of New York on Thursday.

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    • nondescripthandle@lemmy.dbzer0.com
      111·
      3 months ago

      The libs are gonna hate this because when they say harm reduction they mean reduce only the harm they expirence. When it comes to the sovereignty and security of people who aren’t them, they’d sooner vote for harm increases than tax increases.

      • anarcho_blinkenistEnglish
        4·
        3 months ago

        “In every American community there are varying shades of political opinion. One of the shadiest of these is the liberals. An outspoken group on many subjects, ten degrees to the left of center in good times, ten degrees to the right of center if it affects them personally. Here, then, is a lesson in safe logic.”