Trump’s tariffs start bringing in money as revenue doubles in April, continues strong pace in May
Promising signs for the US president?
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SubscribePromising signs for the US president?
Who knew that tariffs of 30% would be considered a victory for Beijing?
He was given a valuable win that might make his critics pause and think: "OK, maybe he's not wrong after all."
Despite denials, threats and demands, Beijing ultimately agrees to sit down and talk.
Their current behaviour may set the tone for future interactions.
Good or bad, forcing Xi Jinping's hand will have consequences.
This one time Xi cannot make an offer others can't refuse.
Stock markets rally in response, wiping out most of the losses of the past days, leaving everyone in a daze.
The spectacle has only just started. We don't know yet how it's going to end, but dismissing it as unhinged or completely baseless is a show of ignorance far greater than Trump is accused of.
Tariffs are just another form of taxation. And like all taxes they will be judged on how they accomplish their goals - not all of which are economic.
Trump's "Art of the Deal" is yet to produce results.
What we witnessed yesterday in the Oval Office is Trump smashing into the wall of reality.