In this week's Surge newsletter, the alarming implications of President Trump's newly revealed tariffs are highlighted. The tariffs, described as amateurish and nonsensical, include astronomical rates like 47% on vanilla imports and a staggering 50% on clothing from Lesotho. The article critiques this reckless approach, casting shadows on the potential for recession, inflation, and a broader global economic crisis. It also raises concerns about the United States' diminishing role in global leadership in light of these developments, positioning this as a historical turning point.
Unfettered. This week, President Trump blew it all up. In a Wednesday ceremony, he revealed his baseline universal tariffs and his ‘reciprocal’ tariffs.
This supreme and unholy amateurism produced such outputs as a 47 percent import tax on the poor island nation that produces most of the world's vanilla.
...a 50 percent import tax that will 'kill' Lesotho's economy for its crime of exporting clothes and not having enough money to buy anything in return.
This is probably lights-out for American global leadership and how, between this gut punch to the economic world order...
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