Echoes of the Past

Title: Echoes of the Past

In the realm of trade, history echoes loud,
As Trump’s tariff dreams cast a heavy shroud,
Nixon once sought to impose a similar vow,
Let us unravel what occurred in the past, here and now.

Levying a ten percent tariff, Nixon aimed to protect,
American businesses, their prosperity to project,
But consequences unfolded, unforeseen,
A domino effect, both sides caught in-between.

Industries faced retaliation, economic strain,
As allies perceived the move as quite a disdain,
Global trade alliance began to fracture,
An unintended consequence in all its stature.

Adversaries seized the opportunity,
Exploiting divisions with sole impunity,
A tangled web woven by dubious intent,
The aftermath of imposed tariff, a tale of lament.

Jobs lost, prices rose, trust eroded,
The legacy created, not what Nixon had foreboded,
The lessons from history we must heed,
A cautionary tale of the tariff’s seed.

Keywords: Trump, Nixon, tariff, consequences, retaliation, history