Array
Happy Thursday, dear Kruiser Morning Briefing friends. Dexawlba felt that she’d finally perfected the chimichurri Twinkies that she hoped would be a hit at the full-contact pinochle tournament.
Beltway Tariff Theater continues to dominate the news. There is plenty of other stuff going on, but none of it is as gripping as watching President Trump continue to do president stuff that we’re not familiar with, especially the whole „carry out campaign promises“ thing. As I’ve written a few times in the last week, Trump did talk about tariffs during the campaign and wasted no time prepping the public for them after he was inaugurated in January.
The saga took another dizzying turn on Wednesday, which Matt wrote about:
In a major escalation of his administration’s trade policy, President Donald Trump announced on Tuesday a dramatic increase in tariffs on Chinese imports, citing what he called China’s “lack of respect” for global markets. The president declared the new tariff rate would rise to 125%, effective immediately.
“Based on the lack of respect that China has shown to the World’s Markets,” Trump announced on Truth Social, “I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately.”
At the same time, President Trump also announced a pause on the tariffs for the countries who have shown interest in negotiating equitable trade with the United States. The trade war bullseye was thus firmly fixed on the ChiComs.
