TARIFF WAR TRUMP’S ECONOMIC BOMB

● Tariff Truce Triggered Rally

Economists’ Full-Scale Rebuttal to Trump’s Tariff Policies: An Analysis

Economists Unite: The Current Status of the Signed Petition

Approximately a thousand economists have signed a petition opposing the Trump administration’s high-tariff policies.
The signatories include renowned scholars such as Nobel laureates James Heckman (2000) and Vernon Smith (2002).
Professors advocating for free-market principles and minimal government intervention, like Professor Mankiw, and economists who have been active in the Republican Party through the Texas State Senate, have also participated.
They unanimously argue that Trump’s tariffs undermine America’s tradition of free trade and the fundamental principles of economic prosperity.

The Economic Logic and Limitations of Tariff Policies

The Trump administration’s imposition of tariffs is perceived as a regulation that disrupts the traditional free trade order.
Tariffs burden domestic manufacturing in the United States and contribute to economic inefficiencies and the risk of trade wars.
This contradicts the existing theory that trade deficits merely reflect global investment confidence and actually strengthen the dollar’s demand, demonstrating that the U.S. is a financial hub.
Economists analyze that this method of imposing tariffs risks triggering retaliatory trade wars, similar to the Smoot-Hawley Tariff Act of 1930.

Impromptu Decisions and Seeds of Internal Conflict

It is also pointed out that the tariff imposition decisions are not planned but are made haphazardly.
Citing the example of the stock market surge after Trump’s decision on April 9 to defer tariff rates for 90 days,
signs of instability are being detected in domestic and international stock markets.
Concerns are also raised about impromptu decisions and the abuse of power, such as the close relationship between Trump and Navarro, and the internal persuasion processes for stabilizing the stock market during Navarro’s absence.

Warnings from the Government and Economic Experts: The Shadow of Trade Wars

While supporters of tariff policies call it an act of economic liberation,
it is actually an act that subverts America’s traditional principles of freedom and prosperity.
This poses a significant risk that ordinary Americans will experience negative effects such as price increases and economic downturns,
and in the long term, it could have negative repercussions for the global economy and trade system.
This situation is drawing the attention of investors and economic experts worldwide, intertwined with SEO keywords related to the global economy, trade, economic outlook, tariffs, and Trump.

Summary

Approximately a thousand economists have joined in signing a petition opposing Trump’s tariffs. The signatures include renowned figures such as Nobel laureates Heckman and Smith, as well as Mankiw.
The Trump administration’s high tariffs undermine the U.S. manufacturing industry and the tradition of free trade, posing risks of trade wars and economic instability.
Impromptu tariff impositions and internal conflicts fuel domestic and international stock market instability, potentially negatively impacting American workers and the global economy.

*YouTube Source: [Maeil Business Newspaper]

– [홍장원의 불앤베어] 증시 대폭등 이끈 4월9일 관세유예 숨겨진 비밀

● Zelensky’s Counteroffensive – Game Changer

Global Economic Outlook: The Current State of the War in Ukraine and Future Political and Economic Landscape

[February 2022 – The Prelude to a Full-Scale Invasion]

Abrupt confrontations and unexpected combat patterns unfolded between the two sides.
Russia launched a full-scale invasion in February, aiming to seize Crimea and the eastern separatist regions.
Initially, there were widespread predictions that the war would be over within days, but the situation rapidly changed due to various factors.
At this time, the map showed parts of Ukrainian territory already marked in red (Russian-controlled areas), indicating changes beyond expectations.
Political and military strategies intertwined, marking the starting point of a war mired in difficulties.

[March 2022 – Expansion of the Front Lines and Advance on Kyiv]

With the full-scale invasion by Russia, a massive offensive was launched, reaching Kyiv.
At the time, many expected a quick resolution, but Ukraine fiercely resisted, rejecting scenarios of a pro-Russian regime change through local referendums.
The map showed combat zones spreading beyond the entire border, and the situation evolved at an unpredictable pace.
During this time, Ukraine struggled not only to defend but also to prepare strategic cards that could be used at the negotiation table.

[November 2022 – Reversal of Fortune, Ukraine’s Successful Defense]

The November map showed a notable retreat of Russian forces from most areas, except for the eastern Donbas region.
Unexpectedly, Ukraine defended its territory and prevented the opponent from seizing it, showing a resilient stance.
The war’s landscape did not end with a simple victory for one side but showed a pattern of mutual advances and retreats, leading to a stalemate.
In this process, the political significance of the war, national identity, and issues related to maintaining power were re-emphasized.

[March 2025 – Turning Point and Ukraine’s Strategic Bold Moves]

In early 2025, Ukraine attempted to secure new negotiation cards by launching small-scale tactics to invade Russian territory.
It is noteworthy that they ignored the condition set by the United States to “only defend your territory” and took bold actions.
This development showed Ukraine’s willingness to move beyond simple defense to active combat, potentially shaking the global war landscape.

[International Politics and the Defense Industry – NATO, US and European Responses]

US President Trump foreshadowed a transition by mentioning a conditional ceasefire and support for weapons to Ukraine.
NATO and several European countries are collaborating with defense industries to defend Ukraine, accelerating the production of advanced weapons such as drones and AI weapons.
Countries directly bordering Russia, such as Poland, Denmark, and Finland, are significantly increasing national defense spending to prepare for unstable situations.
These moves reflect a complex international order where economics, politics, and war are intertwined.

[Russian Economic Sanctions and War Economy]

Despite numerous economic sanctions, Russia has continued to sustain economic growth of 3% to 4%.
Savings and the nationalized defense industry after the withdrawal of foreign investment have driven the war economy.
Despite the sanctions, the government is maintaining domestic demand and promoting economic stability through war costs and compensation.
Russia’s economic behavior clearly demonstrates the limitations of international sanctions and the economic aspects of war.

[Endless Vicious Cycle of War and the Future of Global Politics and Economics]

Neither side is willing to stop the war, continuing the fight for pride and maintaining power beyond victory.
The Putin regime prefers all-out war over negotiations, based on national support for the recovery of past territories.
Ukraine also recognizes that giving up territory is linked to the issue of national survival, opting for continued resistance and active military intervention.
Additionally, the United States and European countries are preparing response strategies such as increasing defense spending and issuing joint bonds, reaffirming that politics and economics are more closely linked.

[Conclusion – The Future Choices Created by Politics and Economics]

This war is reshaping the global landscape in all aspects, beyond a simple military conflict, including politics, economics, and the defense industry.
The military confrontation between Ukraine and Russia, international sanctions, and the activation of the defense industry centered on the United States and NATO are having a significant impact on the world economy.
Each country is at a point where it must newly recognize the correlation between economics, politics, and war, betting on survival and the future fate of the nation.
We are all facing an important transition in this complex international situation, where we cannot overlook which countries we should join hands with and what we should prepare for.

Summary:
The war in Ukraine, which began with Russia’s full-scale invasion in early 2022, has turned into a prolonged battle, contrary to expectations.
In March, the war expanded with the invasion of Kyiv, and in November, Ukraine succeeded in defense, solidifying the war.
In early 2025, along with Ukraine’s strategic bold moves, global political and economic responses such as the United States, NATO, and Europe’s defense industry strengthening and increased defense spending emerged.
Despite economic sanctions, Russia is maintaining its war economy and showing growth, and the war is proceeding with politics and economics intertwined without signs of resolution.
Key Words: Economy, War, Ukraine, Russia, Politics

[Related Articles…]
Analysis of the War Situation in Ukraine

Russian Economic Sanctions and Growth

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– 젤렌스키 대반격 시작했다. 상황 완전히 달라진 러우전쟁｜김정호 교수 풀버전2