What strategy are Donald Trump and Howard Lutnick using with the tariffs study?
Donald Trump and his Commerce Secretary nominee Howard Lutnick are approaching international trade negotiations using a strategic 'game of chicken' with other countries and companies. Both men consider themselves skilled negotiators and plan to use the upcoming tariffs study (concluding around April 1st) as leverage in these negotiations. Their approach involves creating pressure through the threat of reciprocal tariffs to see which countries or companies will 'come' to the negotiating table or 'bend the knee' first. This negotiation tactic reflects Trump's broader strategy of using economic pressure to achieve more favorable trade terms, though it raises concerns about potential impacts on inflation, consumer prices, and global trade relations.
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Trump and Lutnick's Game of Chicken with Tariffs
MSNBC·8 months ago