Trump Ripping Up the Free Trade Playbook Comes With $1 Trillion Cost

[Zorro]

The ominous trajectory of the US president’s tariff overhaul looms over the G-7 gathering.

President Donald Trump is making his return to the Group of Seven this weekend having taken the global economy on a roller-coaster ride toward a singular destination: A world in which he is the ultimate arbiter of trade, security and power relationships, and America harvests the economic benefits.

As he does so, US tariffs are meeting growing opposition at home and abroad. From G-7 host Canada to China and the European Union, major US trading partners are mounting a firmer resistance than they did during his first term. US courts are threatening to invalidate many of the duties altogether.

The US economy faces the prospect of a summer of rising prices, slowing hiring and consumer discontent. Tariff threats are now near-daily market movers, this week sending the dollar tumbling even after the US and China brokered a tentative trade truce.

Trump’s bid to upend the global trading system started in January 2017 when in his first few days in office, he abandoned the Trans-Pacific Partnership negotiated by the Obama administration. With that, he ripped up a carefully constructed 12-nation economic alliance designed to help contain China and rewrite global trade rules in America’s favor, instead launching the US toward greater protectionism.

https://www.bloomberg.com/news/features/2025-06-13/trump-tariff-regime-could-cost-world-1-trillion-us-690-000-jobs?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc1MDAyOTM1MywiZXhwIjoxNzUwNjM0MTUzLCJhcnRpY2xlSWQiOiJTWFNMWlVEV0xVNjgwMCIsImJjb25uZWN0SWQiOiJDNjgyQTUwQzJCRDM0MTFCQTgwQjEwQjZEQjczQzM1MSJ9.6s22uGsL5s7UVjJLxALS7NnxnX3LzX6hAejcH9pEK28

[kimbutgar]

1. I hope he gets major snubbed by world leaders and treated like the pariah he is!