SFC Markets and Finance | Trump Tariff 2.0: What's at stake for the global economy?
No One Is Being “Liberated” by Trump’s Tariffs
I'm not sure why it is called the Liberation Day because no one actually colonize the U.S. trading system. These were the system that was actually created by the U.S. and some of the other advanced countries in the past. Just because the system is not working so much in the favor of the U.S., that does not mean there is something wrong with the system. So I would not call it liberation day, because nobody is being liberated here.
I have to say that free trade actually benefited everyone, including the U.S., the problem is we also need to ensure that each country is doing something to ensure that the benefit of this free trade, benefit of globalization is somehow distributed equitably to the entire population. And I believe this was the this is a problem that the U.S. failed in the sense that those people in the middle income, their incomes never had a lot of change, over the last 50 years. So the rich got richer, but the middle income remain middle income. In that sense, this is a problem which is internal to the U.S. , I don't think this has anything to do with the free trade system. So sorry, I do not believe this is “liberation”.