It may be easier for selected countries in the Brics grouping to collaborate to counter the US than for Tokyo, Seoul and Brussels to do so
Leaving aside the potential long-term damage to US industries and consumers, Trump may congratulate himself on prevailing against major trading partners. After threatening them with high tariffs, he pushed them into accepting more “reasonable” one-way tariffs. From Trump’s perspective, these are fair consideration for the security protection the US has long provided to its Asian and European allies. It is against this backdrop that these allies could not drive harder trade bargains.
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