📖 Since “Liberation Day”, the US administration has created an exceptional level of uncertainty in trade policy, culminating in the July 9 ultimatum to negotiators. Such uncertainty destroys jobs and leads to recession, as the previous trade war shows.
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Since “Liberation Day” on April 2, 2025, the U.S. administration has issued a rapid succession of decisions to raise customs duties, as well as announcements of postponements or temporary suspensions. […]
