This time it was a self-induced economic meltdown. The next time it could be a national security crisis. Trump blinked on part of his tariff onslaught Wednesday — pausing reciprocal duties on dozens of nations and territories as the dire economic implications of his strategy began to accelerate. But he typically atoned for his impetuousness with another escalatory act — hiking China’s tariff to 125%. While a surge of relief sent stock markets rocketing after days of losses, the showdown between the world’s two largest economic powerhouses could still tip the United States into recession.
torsdag 10. april 2025
Trump’s day of tariff mayhem contains a scary lesson for his second term
There is no plan. America and the world just learned the scariest lesson about Donald Trump’s second term after a week of his capricious tariff war leadership. The fate of the US economy, the jobs and retirement savings of millions of people, and global security are liable at any moment over the next four years to be thrown into turmoil by the volatile moods and untested obsessions of the 47th president.
This time it was a self-induced economic meltdown. The next time it could be a national security crisis. Trump blinked on part of his tariff onslaught Wednesday — pausing reciprocal duties on dozens of nations and territories as the dire economic implications of his strategy began to accelerate. But he typically atoned for his impetuousness with another escalatory act — hiking China’s tariff to 125%. While a surge of relief sent stock markets rocketing after days of losses, the showdown between the world’s two largest economic powerhouses could still tip the United States into recession.
This time it was a self-induced economic meltdown. The next time it could be a national security crisis. Trump blinked on part of his tariff onslaught Wednesday — pausing reciprocal duties on dozens of nations and territories as the dire economic implications of his strategy began to accelerate. But he typically atoned for his impetuousness with another escalatory act — hiking China’s tariff to 125%. While a surge of relief sent stock markets rocketing after days of losses, the showdown between the world’s two largest economic powerhouses could still tip the United States into recession.
