Trump's Tariff Wars: How the USA President is Leading the World into a Recession

The trade war Trump's has already affected the US and the world - and these consequences can hardly be called positive.

Trump promised that under his leadership the US economy would boom. One of his slogans was to "make America affordable again" - he said that prices would fall on the first day of his presidency. Trump also promised to end the war in Ukraine within 24 hours of taking office.

According to DW, the prices of some goods (fuel, airline tickets, hotel accommodation, etc.) fell, as did overall inflation. However, average prices for goods, excluding the very volatile prices of gasoline and food, were 2.8% higher in March than a year earlier.

A recent poll in the US showed that 59% of the population believes that Trump's policies have worsened economic conditions in America.

And not the least role in this was played by the trade war that Trump has started with the whole world. The day of its beginning was April 2 (which the American president called "Liberation Day"), when he signed a decree on the introduction of import tariffs against the European Union, China, and most Asian countries, even Ukraine and the Pacific Islands - but not Russia. But a week later he announced the suspension of almost all tariffs for 90 days.

However, China remained in the path of Trump's trade war. The Americans and the Chinese have been increasing the level of tariffs against each other since April 2. Already on April 12, it got to the point that China raised customs tariffs to 125% in response to the US decision to increase tariffs on Chinese goods to 145%.

The result is predictable. According to a preliminary report by the US Bureau of Economic Analysis, the real gross domestic product (GDP) of the United States in the first quarter decreased by 0.3% year-on-year.

According to analysts, the decline in GDP was primarily caused by an increase in imports before the introduction of Trump's new tariffs and a decrease in government spending. This negative impact could have been even greater, but it was partially offset by investment, exports and consumer spending.

Trump's trade war has put the whole world on the brink of a new economic crisis, experts write. Even if Trump is persuaded to end the tariff war, it will be difficult to restore trust in the United States as an absolutely reliable economic partner in the world.

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