#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 War Escalates: China Slaps 84% Tariffs on US Goods Amid Market Turmoil
- Wednesday, 09 April 2025
China will impose an 84% tariff on US goods starting Thursday, a significant escalation of the global trade war sparked by US President Donald Trump’s decision to impose tariffs on imports from almost all nations. Trump's tariffs, which include a 104% effective levy on Chinese goods, have caused global financial markets to tank, with the FTSE 100 dropping 3.6%, Germany's DAX falling 4%, and France's CAC 40 declining 4%. US index funds are also expected to fall when they open at 2:30pm UK time. Trump appeared unrepentant about the economic damage caused by his decisions, boasting that countries are "kissing my ass" in an attempt to negotiate with him.
