Low or high tariffs?

[Perpetual Student]

India and the EU signed a massive trade deal lowering drastically tariffs on wine and spirits, cars, textile, electronic devices, pharmaceuticals, fine chemicals and more.
In the mean time Trump is raising tariffs.

Watch the video: EU-India trade deal — what's inside?

The EU signed a historic trade deal with India on Tuesday. Why? Because with Trump in the White House and the European relations with Beijing being complicated, Brussels needs new friends. And it needs them fast. #EuropeToday

www.euronews.com

What will make economies grow the best?
Place your bets.

 

[Richard T]

Trade does generally expands growth. However, the USA has better productivity (output per worker). So if times were normal I would still say the USA grows faster. For the next couple of years it is anybody's guess. I would suggest a possible contraction worldwide is likely. Also trade with India is far different than trade with the USA. The EU ran surpluses with the USA, it currently runs trade deficits with India. I would expect more of the same with free trade.

 

[Maria Billingsley]

India and the EU signed a massive trade deal lowering drastically tariffs on wine and spirits, cars, textile, electronic devices, pharmaceuticals, fine chemicals and more.
In the mean time Trump is raising tariffs.

Watch the video: EU-India trade deal — what's inside?

The EU signed a historic trade deal with India on Tuesday. Why? Because with Trump in the White House and the European relations with Beijing being complicated, Brussels needs new friends. And it needs them fast. #EuropeToday

www.euronews.com

What will make economies grow the best?
Place your bets.

Can't really tell just yet. The AI bubble has caused the GDP to artificially expand ( no pun intended) . Additionally, spending habits, regardless of tariffs, haven't changed much however , consumer debt is at at record high and as soon as consumers default and have no credit cards, which is now at a staggering 11%, there will be a debtwall which will have an effect on the GDP. No doubt, prices are much, much higher caused by this administration’s actions.

 

[Pommer]

Trade does generally expands growth. However, the USA has better productivity (output per worker). So if times were normal I would still say the USA grows faster. For the next couple of years it is anybody's guess. I would suggest a possible contraction worldwide is likely. Also trade with India is far different than trade with the USA. The EU ran surpluses with the USA, it currently runs trade deficits with India. I would expect more of the same with free trade.

We have “industries” that make no actual “goods” except money; hedge funds are making billions but you can’t make a call without a phone.