Donald Trump just lost (again)
While last week, social media was alight with news about Donald Trump’s deportations and his latest war against SCOTUS when it came to bringing Abrego Garcia back to the United States to stand trial, it managed to put Donald Trump’s tariff war out of sight and out of mind rather remarkably for a few days. For Donald Trump, this was a little bit of a favor – as immigration is his strongest issue that he hopes to perpetually run on, and he was hoping that maybe fear vibes would curry some favor with other countries.
Instead, he got the rebuttals he was definitely not looking forward to hearing – and a strong reminder that China still has some leverage in all of this. Not only are they threatening retaliatory tariffs against the ones Donald Trump already imposed, they’ll add retaliatory measures to the countries that comply with Trump’s tariffs, a pretty obvious measure that Donald Trump didn’t think through when he agreed to this.
As a result, the value of the dollar is shrinking to a record low not seen since the pandemic. Despite what his cult is saying about his ability to play everyone, investors are wising up to the possibility that things are going to be as volatile as they could have been eight years ago under Trump.
James Sullivan is the assistant editor of Brain World Magazine and an advocate of science-based policy making