#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 Pause Fails to Quell Global Trade Uncertainty: US Trade Policy Remains in Flux
- Thursday, 10 April 2025
The US tariff pause announced by President Trump only applies to some tariffs and does not change the overall direction of US trade policy. The new 10% tariff rate on all imports from countries including the UK remains in place, with exemptions for certain goods. The pause does provide relief for some countries such as Vietnam, which had been facing a 46% tariff, but many other tariffs remain in place. Economists warn that the pause has not changed the overall direction of US trade policy and will still harm the global economy.
