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There are situations in which are a useful tool to address a trade deficit, or to protect key sectors of a country’s economy. Then there are situations where you accuse a bunch of on an uninhabited island of currency manipulation. Guess which one we’re living in?”

“This is the takeaway of the manifold announced by President Donald on Wednesday afternoon. In addition to the -occupied Heard and McDonald Islands, the tariffs target the British Indian Ocean Territory, whose sole occupants live on a joint US-UK military base on Diego Garcia island. Yes, the United States is levying reciprocal tariffs against its own troops.”

“It’s an interesting tactic, to start a bar brawl and ask everyone not to punch back in case someone gets hurt. It’s not working. China has already vowed to retaliate; the EU suggested that it could as well. (New Zealand is officially chill.)”

Editors note: NZ does have a lot of penguins. 🤷‍♂️

@auscandoc
NZ party in power seem a lower-charisma, not above average intelligence, version of Florida's - they probably admire Trump and may even feel they're advancing a worthy cause by acting like doormats.

@skua Yes… there is that.

NZ showed the world how to do it with Jacinda Ardern.. and then turned their backs.