#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.

Shapiro Turns on Trump: Tesla CEO Right on Tariffs, He Says

Ben Shapiro, a longtime supporter of President Trump, surprisingly turned on him and urged the president to listen to Elon Musk’s criticism of his tariff policy. Shapiro agreed with Musk, stating "Musk is right" about tariffs not being good business deals for Americans. He advised Trump to do exactly what Musk tells him to do regarding tariffs, following a feud between Musk and Peter Navarro, Trump's trade advisor.

EU Pharma Giants Warn of 'Exodus' to US Over Trump Tariffs

European pharmaceutical companies have warned EU chiefs that Donald Trump’s tariffs could lead to an "exodus" from Europe to the United States. The European Federation of Pharmaceutical Industries and Associations (EFPIA) called on EU President Ursula von der Leyen to take rapid action to mitigate this risk. The EFPIA, which represents pharma giants like Bayer, Novartis, and Novo Nordisk, warned that if the EU doesn't change its regulatory framework and strengthen intellectual property provisions, Europe's pharma sector will lose out to increased competition from the US, China, and emerging markets.

UK Chancellor Warns of 'Profound' Impact from Trump Tariffs Amid Market Calm

Rachel Reeves warned of the "profound" impact from US President Donald Trump’s tariffs, which global markets had calmed down about after days of turmoil. The Chancellor will meet her US counterpart to discuss the effect of the president's protectionism, as UK stocks rose slightly but still remained below pre-tariff levels.

Waterstones Pauses US Book Shipments Amid Trump Tariffs

Waterstones, a UK book retailer, temporarily paused international orders to the US after President Trump's announcement of a 10% tariff on imported products from Britain. The company added a note to its website stating that it couldn't accept or ship orders to the US while it assesses options to comply with the new tariffs. However, the pause appears to have ended and customers can now order books online for shipping to the US with an additional £13 delivery charge plus £1.50 per book.

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