Key Insights
Why could a second Trump presidency rewire global trade relations?
Trump has indicated he will impose higher tariffs, possibly the highest since World War II, which could lead to a significant move away from open trade if other countries retaliate.
Why might Trump be willing to dial down tariffs in return for concessions?
In his first term, Trump used tariffs primarily as a negotiating tool to get trading partners to renegotiate terms, such as the North American Free Trade Agreement and the Phase I trade deal with China.
Why might other countries retaliate against U.S. tariffs?
The European Union, for example, does not want the U.S. to think that imposing tariffs on Europe is costless, and many countries are concerned about fully alienating the U.S. due to global security issues.
Why might a President Harris not significantly change trade relations?
Kamala Harris and Joe Biden are not big fans of free trade agreements, so the trade system under President Harris would likely look similar to the current one, with little change.
Why are companies using chaos packaging?
With advertising and marketing costs rising, companies are using chaos packaging to catch consumers' attention on the shop floor and on social media platforms like Instagram and TikTok.
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