
The high-stakes, global battle over Trump’s tariffs
Trump’s “tariff war” is an attempt to bring the entire world trading system under unilateral US control, removing any minimal element of multilateral negotiation from it.
Trump’s “tariff war” is an attempt to bring the entire world trading system under unilateral US control, removing any minimal element of multilateral negotiation from it.
If the U.S. cannot succeed in slowing China’s economy, then it can only decrease China’s lead in growth rate by increasing the percentage of net fixed capital formation in the U.S. economy.
Instead of the chimera of general “de-dollarisation”, the correct Marxist strategy of development pursued by countries such as China should be taken as the model to be studied.
The facts show clearly that, contrary to propaganda by the United States, it was serious errors in U.S. economic thinking and policy which were the most fundamental factor in destabilising the world economy, not the Ukraine war.
Do the Ukraine war and the action of the United States, the European Union, and the United Kingdom spell the end of the dollar as the world’s reserve currency? Even if the peace talks between Russia and Ukraine reach an agreement there will be fallout for the dollar.
Austerity measures are integral to the current economic policies of the US and UK. They amount to an all-round attack on wages and the social wage while there is a temporary boost to demand. That is why it is extremely foolish and misleading to compare them to the policies of Corbyn, McDonnell or Keynes.
Copyright © 2025 | WordPress Theme by MH Themes