Is Trump's shock tariff global assault going to work? Michael Roberts, a leading marxist economist, explains why it will not. But one does not have to be an economist to understand that one country, however powerful, cannot win against all others, especially if its government is backed by a razor-thin majority. Even though services are not yet included in the brawl, the Tourism sector should...Is Trump's shock tariff global assault going to work? Michael Roberts, a leading marxist economist, explains why it will not. But one does not have to be an economist to understand that one country, however powerful, cannot win against all others, especially if its government is backed by a razor-thin majority. Even though services are not yet included in the brawl, the Tourism sector should also be bracing for the unavoidable tsunami. thenextrecession.wordpress.com/2025/04/09/trumps-s… Show more

Trump’s slump – Michael Roberts Blog

Today, President Donald Trump implemented his new range of tariffs on US imports called reciprocal tariffs.  In addition to those announced last Wednesday (Liberation day),…