#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's Tariff U-Turn: iPhones Exempt from China Import Taxes in Stunning Retreat
- Sunday, 13 April 2025
The Trump administration has quietly exempted smartphones, electronic devices, and components from tariffs on Chinese goods entering the US, including iPhones made by Apple. This exemption represents a significant trade war retreat as it excludes the largest Chinese export to America by value. Without this exemption, iPhone prices could have increased significantly due to the 125% tariff, with potential sticker shock for consumers. The move has avoided a public repricing of iPhones and may have prevented a broader crisis in the US-China trade war.
