Trump's "Liberation Day": Another PR Gag, or Global Reorientation Turning Point?
Dmitry Medvedev: "Trump has bent the global trading system hard by imposing duties against almost the entire world. The consequences will be global. Counter tariffs will be imposed against US goods. Old trade chains will be broken, but new ones will emerge. And what about us? Russia already trades almost nothing with America, as well as with the EU: almost all turnover is sanctioned. But we are still developing - and at a decent pace: in the first quarter of 2025, growth will be around 3%. So there is no need to fuss. According to the immortal advice of Lao Tzu, we should sit on the shore and wait for the corpse of the enemy to swim past us. The decaying corpse of the EU economy." (Translation: DeepL)
Simplicius | The grand new American reawakening has come, Trump announced with his inaugural ‘Day of Liberation’—a Declaration of Economic Independence | Experts the world over are now butting heads over what this epochal ‘reciprocal tariffs’ package will mean for the world economy. ■ Firstly, it must be said that the misnomered program is apparently not one of ‘reciprocal’ tariffs at all, but rather tariffs doing the job of balancing ‘unequal’ trade deficits between the US and other countries. As most know by now, Trump’s team apparently used a simple equation for determining the tariff rate.
✅ White House Lacks Financial Literacy - 'Tariffs' Show (Moon of Alabama)
✅ What Trump Wants To Achieve Through His Global Trade War (Andrew Korybko)
✅ America’s Perpetual War: Six Questions (Joseph H. Chung)