The Guardian view on Trump’s shock therapy: warehouse and transport workers are the first victims of a class war | Editorial
R.The White House, which is eager to win a commercial war, was barely understood, the emergency brakes on China and the United States trade without verifying from inside the car. Donald Trump’s trade decree took a month to strike economy This is the time when Chinese containers need to reach Los Angeles. On a braid, the American Pacific Ports A. 45 % decrease In container reservations this week from China. When the warehouses fall calm and Trucks Inactivity in California, silence will sneak East. Unemployment You will definitely put a sign.
Even if Washington reflected the path by the end of May, and Beijing It plays well, the best scenario is delaying damage. Some goods are running Retestation To avoid fees, but you cannot restart global logistics services overnight. This is not the strategic separation-it is an economic self-harm. By the time you notice the Trump administration, the time will be too late. The consequences of the American President Skin rash tactics It will resonate through the main street. Mr. Trump offers an artistic excuse: Blame 11 -year -old children With a lot of dolls – not its definitions – for the increasing difficulties.
American GDP has shrunk for the first time in three years – despite Mr. Trump’s promise to “Golden ageIts definitions directing the world towards a Recession. Even the International Monetary Fund (IMF) knows this. According to the latest ModelingThe Fund now sees the possibility of global growth to less than 2 %, a threshold that is widely considered to be a reward for the world recessionAs one in four. This is the weak risk you can six months ago. Escape American definitionsThe International Monetary Fund says it is the main reason behind the dark sky.
What does this mean to the world? Less than 2 % of global growth, many of the individual gains disappear. Most of the remainder are steeped by expanding the giants in Asia and Africa Places with people and industrial Right The ability to grow even in the weak global economy. The United Kingdom does not have this. Britain is a post -industrial aging economy in a productive stagnation without the momentum of the demographics or backward recession. For this reason, the Labor Party cannot sit. The high levels of living and real economic security requires the government to invest, build and redistribute – because the market alone will not do so.
Commentators It is still blind to David Ricardo’s theory in 1817 of the relative feature – as if global capitalism today reflects the Georgian England trade in Wine and fabric. no. Ricardo assumed specialized countries on the basis of local costs. But in a world of mobile capital, specialized companies, not countries. This is what the economist Danny Roderick warned in The late 1990s: Free capital flows are undermined A relative feature. Development now does not depend on obedience to trade patterns, but on its formation – through Industrial policy.
But Maga Protensim does not rebuild the United States industry – it’s a remedy for shocks. Trump engineers a The commercial crisis To raise prices, killing “non -competing” companies and wiping the road to a heavy smaller economy. During, Tax discounts The oligarchy inclination in America is more powerful to reshape the markets in its form. Mr. Trump’s narration is to revive American workers – especially union seizure in places such as Detroit – But what they will get is high costs, stagnant wages and national slogans. This is not industrial policy. that it Class policy Compensed as economic nationalism – a demolition subject to control over the remainder of the bargaining force in the United States, was sold as a popular intention.
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