Tariffs & Trade Wars Are Initiated Out of Weakness

The Trump administration is applying aggressive trade tariffs against friend and seeming foe alike in these days of heightened yet manufactured global economic “events, dear boy, events”, to quote former British Prime Minister Harold Macmillan. China’s getting the brunt of the tariff abuse, and is returning tariff pressures in kind while ramping up its drive toward achieving further, wider economic independence and geopolitical influence. Reasons given by Washington for its tariffs are nothing new, however, whether the accused culprits are the Chinese, or allies such as Europeans powers, Canadians, Mexicans and others.