Further evidence that Trump simply has no plan beyond the next 5 minutes. They did a head-fake to pretend the tariffs were coming off to rally the markets. But of course it only lasted a minute until people realized what happened.
https://paulkrugman.substack.com/p/the-third-worlding-of-america
https://paulkrugman.substack.com/p/the-third-worlding-of-america
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https://newrepublic.com/post/193930/ports-not-collecting-trump-tariffs-glitch
The 145% or whatever rate isn't sustainable for any length of time.
70% of container traffic has vanished from Chinese ports, primarily because forwarders are adopting a short term wait and see approach.
1. Head-fake with tariffs
2. So the tariffs left in place would escape notice
3. The remaining tariffs are 10 times higher than the tariffs that contributed to the Great Depression.
Cognitively digestible= empowerment.
Goldfish bring calmness and serenity to the world.
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