#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 Unleashes Tariff Tit-for-Tat: EU Whiskey Hit with 50%, US Threatens 200% Response
- Thursday, 13 March 2025
President Donald Trump threatened a 200% tariff on champagne, wine, and other alcoholic products from Europe in response to the EU's announcement of higher tariffs on American imports. The move is an escalation of the trade war between the two sides, which has sparked concerns about a recession and global economic shock.
Trump's Tariffs Hit China's Manufacturing Juggernaut: Exports to US Could Drop by Quarter
- Friday, 07 March 2025
The US has imposed tariffs on China's exports, which could hurt China's manufacturing success. China's trade surplus with the world rose to $1tn in 2024, driven by strong exports. Trump's tariffs aim to pressure China to stop the flow of fentanyl to the US and protect US jobs. Analysts say that if the tariffs linger, Chinese exports to the US could drop by a quarter to a third, weakening demand and shrinking the trade surplus.
