#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 in Crisis: Trump's Tariffs Spark Backlash from World Leaders and Economies
- Thursday, 03 April 2025
The European Commission, China, and other countries have criticized Donald Trump’s decision to impose universal 10% tariffs on all goods entering the US, calling it a "major blow" to the world economy. The European Union has vowed to take countermeasures if negotiations fail, while Italy, Spain, Ireland, and France have also expressed opposition. China has warned of "resolute countermeasures" against the US, while Taiwan, South Korea, Japan, Thailand, and Israel have all been hit with tariffs ranging from 17% to 54%. The move is seen as a blow to global trade, with leaders warning of uncertainty, dire consequences, and a possible trade war.
