Is the U.S. pursuing the agenda of containing the economic development of developing countries? Under the WTO, countries like Vietnam and India should have favorable treatment, but recently the Trump administration decided to slap tariffs against India and Vietnam, which goes against the spirit of the WTO. Is the U.S. openly pursuing the agenda of containing the economic development of developing countries for its own economic benefits?
Reasons why I think that it's not about containing developing countries:
- first on the list to hit with tariffs were actually developed countries like Canada or European Union members
- from geopolitical perspective it makes no sense, as in order to contain China (which seems as logical goal for the US) one would rather have to beef up its rivals like... India or Vietnam
- while it makes sense to seek some form of economical or political domination in smaller countries, unless they are hostile, it does not makes any sense to impede their growth (it would bring no clear gain, brings implicit cots for own businesses and just creates another enemy)
The US under Trump seems to be using threat of tariffs in order to get a bargain chip in trade negotiations. Not only tariffs were imposed, but in case of example Canada and Mexico they were even lifted.