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Trump, Karens and the Boss of All Bosses
On the 14th of February 2025, Channel News Asia headline reads: “Snap Insight: Trump’s reciprocal tariffs put Asia’s history of trade openness at risk”. A commentary by Deborah Elms of the Hinrich Foundation.
From the article:
> Mr Trump has long argued that the global trade and economic system is unfair to the US. He has aired a variety of grievances, but one point has captured his attention – the fact that each country has a different tariff schedule.
> What he is now aiming to do is to reset this structure by applying “reciprocal tariffs”. This means if Country A charges a 10 per cent tariff on incoming phone cases while the US charges only 3 per cent on the same product, the US will start to apply a reciprocal tariff of 10 per cent for Country A.
Hi, my name is Terence and I am your host for the Daily Monsoon, a podcast where I connect current events to matters of faith. And today, I want to use Deborah’s article to share my insight on Trump and tariffs.
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By TerenceOn the 14th of February 2025, Channel News Asia headline reads: “Snap Insight: Trump’s reciprocal tariffs put Asia’s history of trade openness at risk”. A commentary by Deborah Elms of the Hinrich Foundation.
From the article:
> Mr Trump has long argued that the global trade and economic system is unfair to the US. He has aired a variety of grievances, but one point has captured his attention – the fact that each country has a different tariff schedule.
> What he is now aiming to do is to reset this structure by applying “reciprocal tariffs”. This means if Country A charges a 10 per cent tariff on incoming phone cases while the US charges only 3 per cent on the same product, the US will start to apply a reciprocal tariff of 10 per cent for Country A.
Hi, my name is Terence and I am your host for the Daily Monsoon, a podcast where I connect current events to matters of faith. And today, I want to use Deborah’s article to share my insight on Trump and tariffs.