Both China and the EU hit back with tariffs. China with a further 50% on everything, the EU 10-25% on $24 billion (still need some time to find their sac).
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- Thread starter bd popeye
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After 6 months.. foxnews finally tells it's audience the importer pays the tarrif
Who owns zerohedge anyway?
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Those guys have been peddling 24/7 doomer content since the early 2010s.
Today will live in Infamy as the Schneidering of US economy.
It's Micheal Pettis School of Economics affiliated shit tank
"Rabobank global strategist, Michael Every says Donald Trump's trade tariffs are part of his plan for global financial supremacy, and Australia is becoming more likely to be caught in the middle of what is, essentially, a cold war between the US and China. Mr Every says Australia might face a very difficult choice within months - that of choosing between its biggest trading partner, China, and its biggest military ally, the United States.
Mr Every told The Business the US president will not and cannot afford to back down on tariffs, even as criticism from finance and business leaders mounts. He says 'it would be a real surprise to imagine that they would step back just because a few hedge fund managers criticised them', because 'fundamentally what he's trying to do is to change the entire US and therefore the global economic and financial system, away from financialisation and a focus on finance in the US towards production'."
(This seem to be the framing in Aus media recently?)
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Article by US Sen. Warren?
Her interview abt tariff.
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Mr Every told The Business the US president will not and cannot afford to back down on tariffs, even as criticism from finance and business leaders mounts. He says 'it would be a real surprise to imagine that they would step back just because a few hedge fund managers criticised them', because 'fundamentally what he's trying to do is to change the entire US and therefore the global economic and financial system, away from financialisation and a focus on finance in the US towards production'."
(This seem to be the framing in Aus media recently?)
Article by US Sen. Warren?
Her interview abt tariff.
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