Within six to 12 months, Trump will be forced to backtrack – not only because of economic pressures, but also due to political and strategic imperatives that make these tariffs unsustainable.
While the White House touts the roll-out of ‘reciprocal’ tariffs as a bold move to reclaim industrial might, they are a high-risk experiment that’s already fraying at the edges.
History says trade wars are easy to start but hard to win, and the early signs of strain are already visible across markets and boardrooms.
Investors have learned to tune out some of the noise that accompanies the Trump presidency, but this time is different.
- Read the full opinion piece by deVere Group CEO Nigel Green in our "Columns" section.
