{"id":11497,"date":"2025-04-07T09:02:14","date_gmt":"2025-04-07T09:02:14","guid":{"rendered":"https:\/\/vgi.krtk.hu\/?p=11497"},"modified":"2025-09-16T11:16:46","modified_gmt":"2025-09-16T11:16:46","slug":"trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass","status":"publish","type":"post","link":"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/","title":{"rendered":"Trump’s tariffs – a possible explanation and Hungary’s involvement by Magdolna Sass"},"content":{"rendered":"

Trump’s tariffs – a possible explanation and Hungary’s involvement<\/h1>\n

Magdolna Sass<\/h2>\n

 <\/p>\n

\"\"<\/p>\n

When Donald Trump was campaigning as a candidate for the US presidency, he often claimed that many countries were “taking advantage” of the US by exporting more products to it than they imported from it. Hearing this rhetoric, in my university courses I often pointed out that no one in the Trump team at the time was likely to have given much thought to global value chains. If they had, they would have known that, on a value-added basis, these trade balances are a much more balanced picture. Indeed, in some cases, such as Mexico, there is even a slight US surplus.<\/p>\n

However, recent tariff increase announcements suggest that attention is being paid to global value chains after all. It seems that Trump’s advisers now see not only the simple trade balance, but also the outsourcing of production capacity and the offshoring of industrial capacity as the reasons behind the decline of US industry and thus the trade deficit. This industrial decline is a major cause of dissatisfaction among the US electorate, as stressed not only by the Trump team but also by experts more closely associated with the Democratic Party, such as Paul Krugman. As early as 2007, he said: \u201eIt\u2019s no longer safe to assert that trade\u2019s impact on the income distribution in wealthy countries is fairly minor. There\u2019s a good case that it is big, and getting bigger. I\u2019m not endorsing protectionism, but free-traders need better answers to the anxieties of globalisation\u2019s losers.\u201d<\/p>\n

 <\/p>\n

For more information about Hungary’s involvemnet, read the full article on our blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Trump’s tariffs – a possible explanation and Hungary’s involvement Magdolna Sass   When Donald Trump was campaigning as a candidate for the US presidency, he often claimed that many countries were “taking advantage” of the US by exporting more products to it than they imported from it. Hearing this rhetoric, in my university courses I […]<\/p>\n","protected":false},"author":36,"featured_media":9352,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[85,86],"tags":[554,553,552],"class_list":["post-11497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-news-2","tag-tariffs","tag-trump-en","tag-usa-en"],"acf":[],"yoast_head":"\nTrump's tariffs - a possible explanation and Hungary's involvement by Magdolna Sass - VGI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump's tariffs - a possible explanation and Hungary's involvement by Magdolna Sass - VGI\" \/>\n<meta property=\"og:description\" content=\"Trump’s tariffs – a possible explanation and Hungary’s involvement Magdolna Sass   When Donald Trump was campaigning as a candidate for the US presidency, he often claimed that many countries were “taking advantage” of the US by exporting more products to it than they imported from it. Hearing this rhetoric, in my university courses I […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/\" \/>\n<meta property=\"og:site_name\" content=\"VGI\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-07T09:02:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-16T11:16:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/vgi.krtk.hu\/wp-content\/uploads\/2023\/09\/newspaper.gif\" \/>\n\t<meta property=\"og:image:width\" content=\"823\" \/>\n\t<meta property=\"og:image:height\" content=\"1100\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/gif\" \/>\n<meta name=\"author\" content=\"Baller Zs\u00f3fia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Baller Zs\u00f3fia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/\"},\"author\":{\"name\":\"Baller Zs\u00f3fia\",\"@id\":\"https:\/\/vgi.krtk.hu\/#\/schema\/person\/79c1c5c16f2f2d3468ce5101fc779da8\"},\"headline\":\"Trump’s tariffs – a possible explanation and Hungary’s involvement by Magdolna Sass\",\"datePublished\":\"2025-04-07T09:02:14+00:00\",\"dateModified\":\"2025-09-16T11:16:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/\"},\"wordCount\":294,\"publisher\":{\"@id\":\"https:\/\/vgi.krtk.hu\/#organization\"},\"image\":{\"@id\":\"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/vgi.krtk.hu\/wp-content\/uploads\/2023\/09\/newspaper.gif\",\"keywords\":[\"tariffs\",\"Trump\",\"USA\"],\"articleSection\":[\"News\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/\",\"url\":\"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/\",\"name\":\"Trump's tariffs - a possible explanation and Hungary's involvement by Magdolna Sass - VGI\",\"isPartOf\":{\"@id\":\"https:\/\/vgi.krtk.hu\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/vgi.krtk.hu\/wp-content\/uploads\/2023\/09\/newspaper.gif\",\"datePublished\":\"2025-04-07T09:02:14+00:00\",\"dateModified\":\"2025-09-16T11:16:46+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/#primaryimage\",\"url\":\"https:\/\/vgi.krtk.hu\/wp-content\/uploads\/2023\/09\/newspaper.gif\",\"contentUrl\":\"https:\/\/vgi.krtk.hu\/wp-content\/uploads\/2023\/09\/newspaper.gif\",\"width\":823,\"height\":1100},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vgi.krtk.hu\/#website\",\"url\":\"https:\/\/vgi.krtk.hu\/\",\"name\":\"VGI\",\"description\":\"Vil\u00e1ggazdas\u00e1gi Int\u00e9zet\",\"publisher\":{\"@id\":\"https:\/\/vgi.krtk.hu\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/vgi.krtk.hu\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/vgi.krtk.hu\/#organization\",\"name\":\"VGI\",\"url\":\"https:\/\/vgi.krtk.hu\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/vgi.krtk.hu\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/vgi.krtk.hu\/wp-content\/uploads\/2022\/08\/cropped-Group-960-1.png\",\"contentUrl\":\"https:\/\/vgi.krtk.hu\/wp-content\/uploads\/2022\/08\/cropped-Group-960-1.png\",\"width\":199,\"height\":57,\"caption\":\"VGI\"},\"image\":{\"@id\":\"https:\/\/vgi.krtk.hu\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/vgi.krtk.hu\/#\/schema\/person\/79c1c5c16f2f2d3468ce5101fc779da8\",\"name\":\"Baller Zs\u00f3fia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/vgi.krtk.hu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1883b9ec31d8582eb571aa9df54403dd3a22746251cf260f7ab827718bb374be?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1883b9ec31d8582eb571aa9df54403dd3a22746251cf260f7ab827718bb374be?s=96&d=mm&r=g\",\"caption\":\"Baller Zs\u00f3fia\"},\"url\":\"https:\/\/vgi.krtk.hu\/en\/author\/ballerzs\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Trump's tariffs - a possible explanation and Hungary's involvement by Magdolna Sass - VGI","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/","og_locale":"en_US","og_type":"article","og_title":"Trump's tariffs - a possible explanation and Hungary's involvement by Magdolna Sass - VGI","og_description":"Trump’s tariffs – a possible explanation and Hungary’s involvement Magdolna Sass   When Donald Trump was campaigning as a candidate for the US presidency, he often claimed that many countries were “taking advantage” of the US by exporting more products to it than they imported from it. Hearing this rhetoric, in my university courses I […]","og_url":"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/","og_site_name":"VGI","article_published_time":"2025-04-07T09:02:14+00:00","article_modified_time":"2025-09-16T11:16:46+00:00","og_image":[{"width":823,"height":1100,"url":"https:\/\/vgi.krtk.hu\/wp-content\/uploads\/2023\/09\/newspaper.gif","type":"image\/gif"}],"author":"Baller Zs\u00f3fia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Baller Zs\u00f3fia","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/#article","isPartOf":{"@id":"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/"},"author":{"name":"Baller Zs\u00f3fia","@id":"https:\/\/vgi.krtk.hu\/#\/schema\/person\/79c1c5c16f2f2d3468ce5101fc779da8"},"headline":"Trump’s tariffs – a possible explanation and Hungary’s involvement by Magdolna Sass","datePublished":"2025-04-07T09:02:14+00:00","dateModified":"2025-09-16T11:16:46+00:00","mainEntityOfPage":{"@id":"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/"},"wordCount":294,"publisher":{"@id":"https:\/\/vgi.krtk.hu\/#organization"},"image":{"@id":"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/#primaryimage"},"thumbnailUrl":"https:\/\/vgi.krtk.hu\/wp-content\/uploads\/2023\/09\/newspaper.gif","keywords":["tariffs","Trump","USA"],"articleSection":["News","News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/","url":"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/","name":"Trump's tariffs - a possible explanation and Hungary's involvement by Magdolna Sass - VGI","isPartOf":{"@id":"https:\/\/vgi.krtk.hu\/#website"},"primaryImageOfPage":{"@id":"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/#primaryimage"},"image":{"@id":"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/#primaryimage"},"thumbnailUrl":"https:\/\/vgi.krtk.hu\/wp-content\/uploads\/2023\/09\/newspaper.gif","datePublished":"2025-04-07T09:02:14+00:00","dateModified":"2025-09-16T11:16:46+00:00","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vgi.krtk.hu\/en\/trumps-tariffs-a-possible-explanation-and-hungarys-involvement-by-magdolna-sass\/#primaryimage","url":"https:\/\/vgi.krtk.hu\/wp-content\/uploads\/2023\/09\/newspaper.gif","contentUrl":"https:\/\/vgi.krtk.hu\/wp-content\/uploads\/2023\/09\/newspaper.gif","width":823,"height":1100},{"@type":"WebSite","@id":"https:\/\/vgi.krtk.hu\/#website","url":"https:\/\/vgi.krtk.hu\/","name":"VGI","description":"Vil\u00e1ggazdas\u00e1gi Int\u00e9zet","publisher":{"@id":"https:\/\/vgi.krtk.hu\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/vgi.krtk.hu\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/vgi.krtk.hu\/#organization","name":"VGI","url":"https:\/\/vgi.krtk.hu\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vgi.krtk.hu\/#\/schema\/logo\/image\/","url":"https:\/\/vgi.krtk.hu\/wp-content\/uploads\/2022\/08\/cropped-Group-960-1.png","contentUrl":"https:\/\/vgi.krtk.hu\/wp-content\/uploads\/2022\/08\/cropped-Group-960-1.png","width":199,"height":57,"caption":"VGI"},"image":{"@id":"https:\/\/vgi.krtk.hu\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/vgi.krtk.hu\/#\/schema\/person\/79c1c5c16f2f2d3468ce5101fc779da8","name":"Baller Zs\u00f3fia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vgi.krtk.hu\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1883b9ec31d8582eb571aa9df54403dd3a22746251cf260f7ab827718bb374be?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1883b9ec31d8582eb571aa9df54403dd3a22746251cf260f7ab827718bb374be?s=96&d=mm&r=g","caption":"Baller Zs\u00f3fia"},"url":"https:\/\/vgi.krtk.hu\/en\/author\/ballerzs\/"}]}},"_links":{"self":[{"href":"https:\/\/vgi.krtk.hu\/en\/wp-json\/wp\/v2\/posts\/11497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vgi.krtk.hu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vgi.krtk.hu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vgi.krtk.hu\/en\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/vgi.krtk.hu\/en\/wp-json\/wp\/v2\/comments?post=11497"}],"version-history":[{"count":3,"href":"https:\/\/vgi.krtk.hu\/en\/wp-json\/wp\/v2\/posts\/11497\/revisions"}],"predecessor-version":[{"id":11503,"href":"https:\/\/vgi.krtk.hu\/en\/wp-json\/wp\/v2\/posts\/11497\/revisions\/11503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vgi.krtk.hu\/en\/wp-json\/wp\/v2\/media\/9352"}],"wp:attachment":[{"href":"https:\/\/vgi.krtk.hu\/en\/wp-json\/wp\/v2\/media?parent=11497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vgi.krtk.hu\/en\/wp-json\/wp\/v2\/categories?post=11497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vgi.krtk.hu\/en\/wp-json\/wp\/v2\/tags?post=11497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}