#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 Trade Tensions Soar as Trump Unleashes New Tariffs on Major Economies
- Thursday, 03 April 2025
New US trade tariffs have been condemned by the European Union and other key allies. The EU's chief Ursula von der Leyen said they would cause "dire" consequences for millions around the globe. In China, President Xi Jinping may see Trump’s tariffs as a gift, portraying his country as a champion of free trade. In Australia, officials are angry over the tariffs. In the UK, the 10% tariff on exports will have significant effects and is causing disruption. Asian economies are among the hardest hit, with Indian electronics exports potentially benefiting from higher tariffs on rivals like Vietnam. African countries, including South Africa, face new tariffs, which may affect existing economic ties.
