Trump and the Tariff Question

Published in Frankfurter Allgemeine Zeitung
(Germany) on 24 March 2025
by Gerald Braunberger (link to originallink to original)
Translated from by Mallory Matsumoto. Edited by Laurence Bouvard.
China is trying to glean political capital from the American president’s tariff policies. The success of its efforts depends on whether Trump recognizes the costs of his plans.

Of course, China is trying to glean political capital from the American president’s tariff policies. But to do that, one has to first understand what Donald Trump is actually planning, because so far, his actions have seemed contradictory. On the one hand, he wants to decrease the United States’ international obligations to avoid overextending the country’s power. That is an insight gained from the decline of great powers, just as Paul Kennedy laid out decades ago. On the other hand, Trump seems to believe that he can bend all powers of the world to his will with tariffs, an economic and political instrument that had its heyday in the 19th century.

If free trade benefits everyone, trade restrictions like tariffs will hurt everyone. The more wildly Trump wields the sword of tariffs, the greater the damage will be to the United States. Trump likely does not care much about the meeting with China — but he probably does care about measurable damage from his policies at home.


Trump und die Zollfragen
China versucht aus der Zollpolitik des amerikanischen Präsidenten politisches Kapital zu schlagen. Ob das gelingt, hängt davon ab, ob Trump die Kosten seiner Politik erkennt.
Natürlich versucht China, aus der Zollpolitik des amerikanischen Präsidenten politisches Kapital zu schlagen. Dazu müsste man aber erst einmal verstehen, was Donald Trump eigentlich plant, denn bisher wirkt sein Verhalten widersprüchlich. Einerseits will er die internationalen Verpflichtungen der Vereinigten Staaten reduzieren, um eine Überdehnung ihrer Macht zu vermeiden. Das ist eine Erkenntnis aus dem Niedergang großer Mächte, wie ihn Paul Kennedy vor Jahrzehnten beschrieben hat. Andererseits scheint Trump zu glauben, dass er sich mit der Zollpolitik – einem wirtschaftspolitischen Instrument, dessen Hoch-Zeit auf das 19. Jahrhundert zurückgeht – alle Mächte dieser Welt zu Willen machen kann.
Wenn Freihandel allen nützt, werden Handelsbeschränkungen wie Zölle allen Beteiligten schaden. Der Schaden wird umso größer für die Vereinigten Staaten, je wilder Trump das Zollschwert schwingt. Das Treffen in China dürfte Trump weniger interessieren; ein messbarer Schaden seiner Politik im eigenen Land aber schon eher.
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