What has been liberated on the Liberation Day? Nothing but Pandora’s Box. According to Greek Mythology, when Pandora’s Box is opened, all troubles and curses come out at once, instantly she close it and only hope has not come out and remained inside the box. That means no hope at all now.
Some people describe it as a nuclear bomb in trade war, for tariff is levied 360 degree and not just to Dirty 15 as said before. Trump simply afraid goods may be transferred to other countries for re-export.
Trump use his calculation method of trade deficit and export and worked out a formula of tariff. He shown a large table as a super-salesman. China is on top with 54% tariff altogether, quite near to his election campaign of 60%, the UK is lowest just 10%. Some people said it really is Inflation Day. Trump wants to move factories back to US, covering all products from high technology to daily life domestic products. American workers are not as hard working as Asian, they have unions to protect them. They are proud of their human rights, Asian workers are proud of the round the clock service.
The writer of The Express writes for Asian market in day time and for US market in night time. US writers surely would not do this, but a lot of Asians are doing the same thing. They need to take a rest on holidays, but Asians use their job as recreation and work at same time. Trump tariff surely will make the product price higher in retail market. Recession not only would happen in US, but also in exporting countries.
Comprehensive tariff of 360 degrees would only bring about stagflation and not just inflation. Who will be affected most? Of course they are the small potatoes of the society. When the products price go up because of tariff, they will spend less, while millionaires on the list of Forbes would not be affected. People spend less would bring about shrinking of economy and unemployment. When recession comes, countries of dictatorship would start a war. They do not want to be complained for they are all holy, so just divert the grievance of general citizens to the counterpart and start a war. They ask the whole country to unite together to fight for the wicked people that is their enemies. That’s how the Great Depression bring about the World War II.