Economy

Trump’s big move: It wasn’t bungling. It wasn’t 4D chess. It was being flexible enough to get what he wanted

As a week of intense tariff mania ends and a new period of negotiations begins, President Donald Trump has 1) started a trade war with China, imposing a 125% tariff on all imports from that country; 2) imposed a 10% global baseline tariff on the world; 3) imposed tariffs on steel, aluminum, some autos, and auto parts; and 4) paused for 90 days a long list of higher “reciprocal” tariffs on many countries.

Trump’s big move: It wasn’t bungling. It wasn’t 4D chess. It was being flexible enough to get what he wanted Read More »

Liberation day and the end of the world’s trade war against America

President Trump is set to step into the Rose Garden tomorrow for what may be the most consequential economic announcement of his second term. Markets are bracing. Diplomats are dialing. Pundits are speculating wildly. But no one—not Wall Street, not foreign governments, not even some inside the West Wing—seems to know exactly what will be announced.

Liberation day and the end of the world’s trade war against America Read More »