Tariff Tuesday Today
khurram badar
DAO NFT CMO in Dubai/20Yrs CEO Spotlight FZ LLC/ 2014-16 CEO Veritas FZE/ 2009-14 COO SkyH2O FZ LLC/30Yrs Published Writer/Published in Dawn, Gulf News/Whitepaper Specialist/W3 & Bitcoin Commentator/Negotiator & Closer
In Washington, Mr. T practices his tariff-signing hand gestures in front of a mirror. "25% for Canada! 25% for Mexico! Another 10% for China! Who's next? Denmark? I hear they've been suspiciously quiet lately!"
The tariffs, scheduled to take effect tomorrow, would put a 25% tariff on all imports from Canada and Mexico, except Canadian energy, which would face a 10% rate, and double the tariff on China to 20%.
This dreaded Tariff Tuesday looms over the economic landscape like a dark cloud of spreadsheets and unhappy trade ministers, the world braces for what experts are calling "The Most Exciting Thing to Happen to International Commerce Since Someone Invented the Shipping Container."
US Commerce Secretary's phone hasn't stopped buzzing since dawn. "The conversations are fluid," he tells reporters while visibly sweating through his suit. Translation: "My phone is melting and I haven't slept in 72 hours."
Across the Pacific, Chinese officials respond to the first 10% tariff with remarkable restraint. By Tuesday morning, China is expected to announce retaliation targeting U.S. farm exports, hitting Trump's core supporters right in the soybeans.
Wall Street investors, having developed a curious immunity to trade war panic, are described as "needing to see the whites of the tariffs' eyes before casting judgment" – financial analyst speak for "we're too tired to panic unless the tariffs actually happen this time."
Since Trump took office, it's been tariffs on, tariffs off, like some kind of economic light switch. There's more heat than light." The currency markets, apparently bored with the whole tariff soap opera, have responded by doing absolutely nothing interesting.
The move is seen as a way to revive domestic manufacturing, tap new revenues, and rebalance ties with the biggest US trading partners, but it also risks triggering a wider trade war, inflation, and legal challenges.
This grand tariff extravaganza is being sold as a three-for-one economic miracle pill: resurrecting American factories from their rust-belt graves, filling government coffers with sweet tariff cash, and teaching those pushy trading partners who's boss.
But economists warn it could also unleash the dreaded triple threat of a global trade war that makes Game of Thrones look like a tea party, inflation that turns your grocery bill into a mortgage payment, and enough legal challenges to keep lawyers in luxury yachts until the next century.
As Tariff Tuesday approaches, the world watches and waits. Will the 25% tariffs hit Canada and Mexico? Will China strike back? Will "Fortress North America" get its own flag and national anthem?
Stay tuned for the next thrilling episode of "Who Wants to Be a Multi-Billion Dollar Loser?"
Coming soon: The sequel, where Ukraine's minerals play themselves in "The Art of the Steal."
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Supply Chain Executive at Retired Life
1 天前Pros and Cons of Higher Tariffs. Will Trump's tariffs be good or bad for the economy? https://www.supplychaintoday.com/pros-and-cons-of-higher-tariffs-good-or-bad-for-the-economy/