On April 2, Donald Trump announced sweeping global tariffs on almost every country in the world, with 10% tariffs across the board and additional rates on most countries between 25% and 50%. He declared it “Liberation Day.” Financial markets globally crashed instantly, shedding trillions of dollars, and Trump’s popularity sagged. What followed was a series of incoherent declarations, announcing tariffs one day and then delaying them the next, until a newly invented deadline of August 1. That day has arrived, and the trade war is over.
Thank you for your thoughts on these matters. There does not seem to have been an understandable economic reason for these attempts other than 'they're screwing us' (which in trumpspeak means him, somehow). that's a terrible way to implement policy
Thank you for your thoughts on these matters. There does not seem to have been an understandable economic reason for these attempts other than 'they're screwing us' (which in trumpspeak means him, somehow). that's a terrible way to implement policy
Well put. It’s easy to imagine this era someday appearing in textbooks under a chapter titled “History’s Greatest Unforced Errors.”
Smokescreen for continued upward transfer of wealth in America. More deficits, more debt, zero resolution of "entitlements" crisis.
This resembles the stagflation of the 1970's. It takes years to unfold. As usual, it ends badly.
Self inflicted wounds are typically large and deep.
"and then the Supreme Court will find that Trump has exceeded his constitutional authority in his frequent and sweeping tariff declarations."
You really think this Supreme Court will EVER find that trump has exceeded his authority?
I suppose the modern version of "the emperor has no clothes" is "the self-imagined emperor has no f--king idea what he's doing".
I hope you are correct and this is not just a ceasefire.