Author: Nick Dearden, Melanie Foley
Published on: 29/07/2025 | 00:00:00
AI Summary:
Trump has declared economic war on friends and foes alike. Many countries are facing higher tariffs than the EU and are less capable of defending themselves. A 40 percent tariff on Laos or 36 percent on Cambodia, for example, will be devastating to the export industries which US corporations encouraged them to build. US demands go beyond the economic realm, with Washington going as far as trying to interfere in the prosecution of former President Jair Bolsonaro. Trump’s trade negotiations style might be highly erratic, but his is a clear-cut end goal: To upend the world economic system, replacing rules which were already unfair with the absolute dominance of the biggest bully. The immediate impact of this restructuring will be bad for the countries that submit to it, but this won’t be the end of the story. In failing to take such action, the EU showed a profound misunderstanding of the moment we’re in. In Europe and the US, the public has had enough of a corporate-dominated global economy. Retaliatory policies can not only maximise pain directed at Trump’s oligarchic friends, but they can also help unwind the power of the monopolies.
Original: 876 words
Summary: 192 words
Percent reduction: 78.08%
thats what you get for negotiating with a terrorist.