Friends, DJT is at it again, squeezing every ounce of executive authority he's got out of the U.S. Code, in this case in order to perpetuate his tariff regime against our (generally abusive) trade partners. Actually, the latest move is something of a sly one, rather than a major escalation: he's found a new pretext to extend what are now old tariffs, usually of about 10-15%, on most countries. Tariffs at that level really don't have a major effect on trade or prices, so I would advise everyone to take a deep breath and relax. Economic doomsday is not at hand.
https://www.bbc.com/news/articles/cvgj61j6l08o
In other news, the Iranians are once again imperiling the world economy by effectively blocking the Strait of Hormuz, and now their proxies are threatening the important Red Sea trade route as well. President Trump is reportedly hopping mad, and he might authorize the biggest strikes to date on Iran. I say...DO IT!!! The Iranians are clearly inclined to take the Trump Administration lightly, as is the world press. Let's prove once and for all that no one, especially Iran, can defeat the United States of America. The sooner they get the message, the faster we can restore peace and prosperity to all.
No comments:
Post a Comment