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#tradewars

20 posts19 participants0 posts today

"President Donald Trump on Thursday contradicted his top aides on the purpose of his sprawling new global tariff regime, adding to the uncertainty over the trade war that has sent markets reeling.

Earlier in the day, top Trump aide Peter Navarro and Commerce Secretary Howard Lutnick said the president was not looking to strike deals over the tariffs. “This is not a negotiation,” Navarro told CNBC.

White House officials also circulated internal talking points telling surrogates that the tariffs should not be characterized as a starting point for negotiations, according to three people with knowledge of the matter who spoke on the condition of anonymity to describe internal matters.

But after markets closed down sharply, Trump told reporters on Air Force One that he would be open to striking deals with individual countries."

washingtonpost.com/business/20

The Washington Post · Internal White House talking points: Tariffs are not up for negotiationBy Natalie Allison
#USA#Trump#Tariffs

#TradeWars #history

"Flashback: The 1890 McKinley Tariff imposed levies of roughly 50% on almost all imports, a policy aimed at protecting domestic industry from foreign industry.

Several nations, including Canada, retaliated with tariffs on agricultural goods. The briefing cites a go-to expert on trade history, Douglas Irwin, whose book notes that Canada created stronger trade ties with Britain.

Many economists had expected Canada would be so economically damaged that it would join the United States — a parallel to President Trump's '51st state' rhetoric.

The Smoot-Hawley Tariff, which raised the average tariff to almost 60%, resulted in higher sugar prices for the American public, to the tune of hundreds of millions of dollars, while tariffs on imported eggs soared, the briefing notes."

axios.com/2025/04/01/trump-tar

Photo of McKinely
Axios · The ghosts of trade wars pastBy Courtenay Brown

In your rush to buy stuff before the trade wars really get underway, remember not to over-expose yourself, should things suddenly get even worse; it could happen….

Oh, by the way, funny how Russia was not included; lol.

#TradeWars
#Tarrifs

The main villain in Star Wars: Episode I – The Phantom Menace is Darth Sidious, who is secretly Senator Palpatine of Naboo. He's the mastermind behind the Trade Federation's invasion of Naboo and is manipulating events to gain political power.

Another prominent villain is Darth Maul, Sidious's Sith apprentice. He’s the more visible antagonist who fights the Jedi.

At this point it's not clear which of Trump's two closest fucking idiots emulates Darth Maul more accurately.