Whether or not tariffs imposed by Trump end up hurting more than helping America remains to be seen, but it's clear that they're fulfilling at least one part of his promise: they generate new revenue for the budget. After doubling in April – which was a tumultuous
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.
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.
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.
