0311
Diamond Member
- Banned
- #1
President Donald Trump reversed course in the global trade war he launched just a week ago, announcing in a social media post a 90-day pause on new tariffs against every country but China.
That came just hours after Trump urged the country to “BE COOL” in another post that came amid continued worldwide chaos, with China and the European Union hitting back and the financial fallout spreading to bond markets.
As he halted his broader tariff program amid rising recession fears, Trump ratcheted up tariffs against China to 125 percent, based, he wrote, “on the lack of respect that China has shown to the World’s Markets.”
In essence, he blinked. He created a five-star shit show and will have to find a way to unfuck what he has done.
That came just hours after Trump urged the country to “BE COOL” in another post that came amid continued worldwide chaos, with China and the European Union hitting back and the financial fallout spreading to bond markets.
As he halted his broader tariff program amid rising recession fears, Trump ratcheted up tariffs against China to 125 percent, based, he wrote, “on the lack of respect that China has shown to the World’s Markets.”
In essence, he blinked. He created a five-star shit show and will have to find a way to unfuck what he has done.