#TradeWar
The Art of the Trade War
#TradeWar
The Art of the Trade War
Trade wars are like awkward family feuds, but instead of yelling at Thanksgiving dinner, politicians slap each other with tariffs like they're in a passive-aggressive game of economic dodgeball. One country raises steel tariffs, another retaliates with a cheese embargo, and suddenly world leaders are arguing over dairy like it's a geopolitical episode of MasterChef. Meanwhile, politicians give dramatic speeches about "protecting national interests," which loosely translates to, "We have no idea what we’re doing, but it sounds patriotic." In the end, nobody wins—except maybe smugglers and black market avocado dealers.
Global Markets Plunge as Trump's 'War with World' Tariffs Take Effect
- Wednesday, 09 April 2025
Global stocks plummeted, with the FTSE opening down 2%, following Donald Trump’s declaration of a "war with the world" and the implementation of new US tariffs, including a 104% levy on Chinese imports. The Nikkei 255 fell 3.9%, Hang Seng lost 1.8%, Kospi declined 1.9%, Shanghai Composite was roughly level, while shares in Australia, New Zealand, and other countries also dropped amidst fears of an all-out trade war and potential economic damage from the import taxes on US goods entering from midnight Washington time.
