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TMI BlogTariffs, Trade, and Power: Unpacking Trump's Vision for a New Global Order.X X X X Extracts X X X X X X X X Extracts X X X X ..... Tariffs, Trade, and Power: Unpacking Trump's Vision for a New Global Order. X X X X Extracts X X X X X X X X Extracts X X X X ..... to gain through tariff wars, particularly in relation to BRICS nations (Brazil, Russia, India, China, South Africa): 🔍 1. Reducing Trade Deficits * Core Objective: Trump consistently argued that the U.S. was losing in global trade due to unfair trade balances, particularly with China and India. * Tariffs are used as a tool to: * Discourage imports from surplus countries (like China) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . * Boost domestic production by making foreign goods costlier. * Pressurize countries into buying more American goods to "balance" the trade ledger. 🌐 2. Reasserting U.S. Dominance in Global Trade * The tariffs signal a shift from multilateralism to bilateral hard bargaining. * With BRICS rising as a global bloc (economically and politically), Trump's approach is aimed at: * Un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dermining the collective bargaining strength of emerging economies. * Preventing China-led initiatives like BRICS Bank or Belt and Road from gaining soft power leverage. * Reasserting U.S. control over global trade rules outside of WTO mechanisms. 🔧 3. Rebuilding Domestic Manufacturing * A key political and economic goal was to revive U.S. manufacturing, especially in rust-belt stat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es. * By penalizing low-cost imports (especially from China and India), Trump hoped to: * Make U.S.-made goods more competitive. * Attract companies back to U.S. soil (re-shoring). * Appeal to blue-collar voters with protectionist policies. 🛡️ 4. National Security & Strategic Decoupling * Especially with China and Russia, tariffs serve not just an economic purpose but a s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... trategic one. * China's dominance in rare earths, electronics, and pharmaceuticals is viewed as a national security risk. * Trump aimed for economic decoupling in key sectors to: * Reduce reliance on hostile nations. * Build strategic reserves and boost domestic supply chains. * India, while not adversarial, was pushed to open up its markets more to U.S. pharma, dairy, and tech. ㊂ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9; 5. Trade Leverage as a Negotiation Tool * Trump has consistently used tariffs as bargaining chips in trade negotiations: * Phase One Deal with China (2020) came after several rounds of escalating tariffs. * With India, Trump ended GSP (Generalized System of Preferences) benefits to push for better access for U.S. medical devices and dairy. * With Brazil and South Africa, threats of tari ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ffs were tied to agricultural access and steel quotas. 🔥 Why Target BRICS Specifically? * BRICS nations represent: * Growing economic power and trade surpluses with the U.S. * Increasing moves to de-dollarize trade (especially Russia, China, India). * A challenge to U.S.-led institutions like the IMF, World Bank, and even the dominance of the USD. Trump's policy viewed BRICS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not just as economic rivals, but as geopolitical counterweights to U.S. influence-hence the tougher stance. 🧩 But Did It Work? Mixed results: * Short-term pressure on countries like China did lead to some market access concessions. * However, U.S. consumers and manufacturers faced higher costs, and global supply chains suffered. * BRICS countries began trading more with each other, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... accelerating a shift toward alternative economic systems and local currencies (like India-Russia INR trade, China's digital yuan trials). 🧭 Conclusion Trump's tariff war-especially with BRICS-was less about simple economics and more about: * Geopolitical leverage * Strategic realignment * Reassertion of U.S. industrial and economic primacy It's part of a broader doctrine that see ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ks to redefine global trade rules in America's favor, often through coercive means. X X X X Extracts X X X X X X X X Extracts X X X X
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