#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 Defends Tariffs: 'Sometimes You Have to Take Medicine'
- Sunday, 06 April 2025
US President Donald Trump defended his sweeping tariffs on imports, saying "sometimes you have to take medicine to fix something". The tariffs sent shockwaves through global stock markets, with Asia's Nikkei 225 and Hong Kong's Hang Seng experiencing significant losses. US banking giant JP Morgan predicts a 60% chance of a US and global recession. Trump officials, including Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, played down recent stock market falls and recession fears, emphasizing the need for economic adjustments.
