American economist Justin Wolfers has leveled a warning against President Trump's trade tactics. By relying on executive orders to strike trade deals instead of pursuing longer, legislated trade pacts, he argues the U.S.'s credibility on the global stage is at stake.
Unlike carefully negotiated agreements, executive orders can be easily reversed by any succeeding administration. This transient approach has left many questioning the reliability of the U.S. as a stable trade partner, with some allies now looking for more enduring alternatives. 🤔
In today's fast-paced global economy, trust and long-term commitments are essential. Young professionals, investors, and curious news enthusiasts alike are watching these developments, considering how they might affect future business and international relations.
The debate serves as a reminder that shortcuts in policy-making might save time now but could undermine lasting partnerships. As global markets evolve, a consistent approach could be the key to sustained economic success for all.
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Trump's trade tactics harm long-term U.S. credibility, economist warns
cgtn.com
