Historic shift
Hello from the FT newsroom. Yesterday was a historic day, as Donald Trump declared. But what he dubbed “liberation day” could well be the trigger for economic mayhem. The US president unveiled steep new tariffs on all imports into the US. This explainer sets out in brief what levies have been announced. It is undoubtedly a historic shift in US international economic policy, and one that is inextricably intertwined with geopolitics.
One of the most remarkable things seems to have been how the levels were calculated and we explained the method behind the madness here.
The key question now is whether Trump will hold his nerve, or if he will buckle under the potential economic, market, political and even legal pressure. The FT’s US national editor Edward Luce considered how the next few weeks and months might play out.
My choices this week
Thanks for reading,
Roula Khalaf, FT editor
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FCCA ACMA CGMA
1dEveryone is talking about how the world is putting tariffs on US imports. But has anyone stopped and thought how US is the foremost economy in this world? US economy is not driven by the inbred obese dumb as a door knob incel scummy native population, ie the likes of Trump and Majorie Taylor Greene (aka Majorie Toilet Garbage). It is the white collar immigrants who hold that economy together and drive it forward. Has it occurred to anyone that US pouches the world's best talent - talent other countries invested in through the ages, until US pouches them. Does US repatriate the countries for stealing their talent? Maybe we need to address how US is draining the world of the great talent and leave the other countries behind in their advancement..... US has been committing the biggest daylight robbery for decades and they want to play the victim now? Scumbags.
OK Boštjan Dolinšek
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3dI think the best thing Trump can do now is give all the tariff money back to ALL the taxpayers each couple months in stimulus checks. At least in the short run. Think Win-Win.
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3dI have been fortunate enough to have very good male and female leaders in my career, I had this habit of taking mental notes in the meetings and in the past few months I cannot help but recollect the advise of one of them “when you get into new project, entity etc, never a good idea to disrupt past relations, or at least measure, consider, calculate, calculate some more If you have to, then get into action plan”
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