#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.
Trump Unveils 'External Revenue Service' to Collect Billions in Tariffs from Foreign Countries
- Wednesday, 02 April 2025
President Trump proposed an "External Revenue Service" that could collect billions from foreign countries forced to pay new tariffs, following a "Liberation Day" event where he imposed steep tariffs on China, the EU, Vietnam, Taiwan, and many other countries. He announced tariff rates ranging from 20% to 46%, saying it's a historic day for the country.
