Tariffs
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I thought the same thing.
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Op-ed praising Trump's genius tariffs moves, comparing Trump to Tuft, McKinley, Ford, Reagan:
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Meanwhile, Australia rebuffs China's overtures...
Australia has swiftly turned down China's offer to "join hands" against Donald Trump's tariffs, as Washington escalates its trade war with Beijing.
The White House recently imposed an import tax of 10% on Australian goods, but for China - Australia's biggest trading partner - raised tariffs to 125%.
China's ambassador to Australia Xiao Qian argued joint resistance is "the only way" to stop the "hegemonic and bullying behaviour of the US", appealing for Canberra's cooperation in an opinion piece on Thursday.
Prime Minister Anthony Albanese, however, said Australians would "speak for ourselves", while the country's defence minister said the nation would not be "holding China's hand".
"It's about pursuing Australia's national interests, not about making common calls with China," Richard Marles told the Australian Broadcasting Corporation.
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China on Thursday denied any suggestion that it was in active negotiations with the administration of U.S. President Donald Trump over tariffs, saying that any notion of progress in the matter was as groundless as “trying to catch the wind.”
China’s comments come after Trump said Tuesday that things were going “fine with China” and that the final tariff rate on Chinese exports would come down “substantially” from the current 145%.
Guo Jiakun, a spokesman for China’s Foreign Ministry, said during a daily briefing on Thursday that, “For all I know, China and the U.S. are not having any consultation or negotiation on tariffs, still less reaching a deal.”
“China’s position is consistent, and we are open to consultations and dialogues, but any form of consultations and negotiations must be conducted on the basis of mutual respect and in an equal manner,” Commerce Ministry spokesman He Yadong said.
“Any claims about the progress of China-U.S. trade negotiations are groundless as trying to catch the wind and have no factual basis,” the spokesman said.
Trump had told reporters earlier in the week that “everything’s active” when asked if he was engaging with China, although his treasury secretary had said there were no formal negotiations.
https://www. apnews.com/article/china-us-tariff-negotiations-trump-481ff4402f5c34776ffcb8ced4c8ae42
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When an Arsonist Poses as a Firefighter
Tariffs: What the hell just happened?
I love Krugman's musical codas...
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Trump says he plans to double steel, aluminum tariffs to 50%
https://www.reuters.com/business/trump-says-he-plans-double-steel-tariffs-50-2025-05-30/ -
No worries.
TACO.
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Starting today, the tax on imported metals is set to jump to 50%, twice what it was yesterday.
The president announced the latest trade war offensive Friday, while visiting a US Steel plant outside Pittsburgh. Trump told a crowd of hard-hat wearing steelworkers that a super-sized tax would help keep cheap, imported steel out of the U.S. market.
"[It] will even further secure the steel industry in the United States," Trump said. "Nobody is going to get around that."
Many more people work in companies that use steel than make it
The higher tariffs likely will provide a boost for domestic companies that produce steel and aluminum. But for every steelworker in America, there are about 80 people working for companies that use steel. And their costs are about to go up..
https://www.npr.org/2025/06/04/nx-s1-5422248/trump-steel-aluminum-50-tariffs-double-prices
