I can’t speak for every country, but I know that the UK (where I’m based) is looking at a GDP shrink of around 1%; though given our ‘special relationship’ with the US, and our FAFO era with Brexit, we’re probably more dependant on American trade than your average long distance ally (or should I say former ally?), so I could definitely see other countries breaking even or even profiting from it.
I can’t speak definitively but it will probably hurt Australia to some extent. At least if they don’t want to get dragged into one of our really stupid wars that we undoubtedly have coming.
Based on some economic models I’ve read about, the only countries whose GDP will be hurt by this are America, Canada and Mexico. In that order.
Most of the world is expected to break even or benefit because countries will act in their best interest and route around Trump’s stupid.
I can’t speak for every country, but I know that the UK (where I’m based) is looking at a GDP shrink of around 1%; though given our ‘special relationship’ with the US, and our FAFO era with Brexit, we’re probably more dependant on American trade than your average long distance ally (or should I say former ally?), so I could definitely see other countries breaking even or even profiting from it.
I can’t speak definitively but it will probably hurt Australia to some extent. At least if they don’t want to get dragged into one of our really stupid wars that we undoubtedly have coming.