HistoPol (#HP) 🥥 🌴 (histopol@mastodon.social)'s status on Sunday, 24-Nov-2024 16:29:26 JST

@fixatedpersonsunit

#Economics #Tariffs #Australia #US #EU

*The Economics of Trade Wars*

(3/3)

...kick in and wipe out complete harvests on a national or supranational basis. Even before that, prices will continue to rise for many crops, as yields fall due to #GlobalWarming (as has been happening with chocolate and coffee.)

One thing is certain, though. Global trade flows will be redirected in ways not seen since the Pandemic or even the post-WWII period, if Trump gets his way. //