Taco, Toasters, Fire and Oranges
After a brief hiatus, US President Donald Trump’s trade war is back in full swing. Or is it? The 90-day suspension of the reciprocal tariffs announced in April has now expired, and Trump sent letters to countries outlining where they stand. For the most part, the tariffs are very similar to those proclaimed on what Trump termed “Liberation Day”, April 2. The only difference seems to be rounding, so that South Africa gets 30% instead of 34%, as was the case in April. Have we gone full circle?