“Liberation Day” was on April 2. Hasn’t even been three weeks yet. As far as Trade Wars go, this one is still in diapers. So today, on Easter Sunday, let’s (carefully) vacate our bunkers and survey the dreadful damage:
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Hmm…
Disruption has been minimal. You can still buy all the iPhones you want. Sure, the ambiguity over tariffs sucks for globally-sourced products, but most Americans understand Trump’s thought process. It’s threefold:
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China is a communist dictatorship that’s ruthlessly dishonest, absolutely untrustworthy, and has become our #1 global rival. Seems kind of stupid to perpetually send our money to our #1 global rival.One of the lessons of the COVID pandemic was the importance of nationalizing critical supply chains, so we’re no longer dependent on foreign
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