#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.

PELOSI'S FORTUNE TAKES A HIT: Trump's Tariffs Cost Her $7 Million in Just Three Days

Former House Speaker Nancy Pelosi’s net worth has fallen by approximately $7 million due to Donald Trump’s tariff announcement. Pelosi, who consistently ranked as one of the wealthiest lawmakers on Capitol Hill, had doubled her net worth over the past decade from $123 million in 2014 to an estimated $270 million earlier this year.

Nintendo Pauses Switch 2 Preorders Amid Trump Tariffs

Nintendo has paused the preorder of its Switch 2 console in the US due to President Trump’s tariffs, originally set to start on April 9, 2025. The company is assessing the potential impact and evolving market conditions before updating the timing. The launch date remains unchanged at June 5, 2025, with the system priced at $449.99; however, Nintendo will have to absorb previously unknown costs to maintain this price.

Global Trade in Crisis: Trump's Tariffs Spark Backlash from World Leaders and Economies

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.

PENGUINS ON TARGET: Trump Tariffs Hit Uninhabited Islands in Indian Ocean

Critics mocked the Trump administration's tariff announcement for including Heard Island and McDonald Islands, uninhabited islands in the Indian Ocean, on its list of reciprocal tariffs. The White House included the islands, which are Australian territory, on the chart despite zero trade coming from them, simply because they were part of the countries listed. This led to ridicule on social media, with some joking that "penguins" had been "ripping off American taxpayers" for years.

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