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Polish Scholar: US Itself Will Become Biggest Loser in Tariff Increases
Summary: According to Jinshi data, Professor Novak from the Warsaw School of Economics and Business International Relations believes that the United States will be the biggest loser in tariff increases. Novak pointed out that in the current trade system, countries will eventually readjust the global trade pattern in various ways, placing the US in a very ...
According to Jinshi data, Professor Novak from the Warsaw School of Economics and Business International Relations believes that the United States will be the biggest loser in tariff increases. Novak pointed out that in the current trade system, countries will eventually readjust the global trade pattern in various ways, placing the US in a very disadvantageous position. Other countries will not maintain this high-tariff trade system with the US, ultimately leading to a restructuring of the global trade pattern. Reflecting on Trump's first presidential term, Novak stated that tariff increases will not bring job growth, so he believes that US consumers will bear the brunt of the tariffs, making the US a loser.
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Link: Polish Scholar: US Itself Will Become Biggest Loser in Tariff Increases [Copy]
