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Trump’s intuition in the midst of trade turmoil

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So, this is a problem. Suppose you own a company and interview two candidates for important leadership positions that can determine whether your business is successful or failing. You ask two candidates the same question: How will you make strategic decisions to ensure the success of the company?

You might look for answers like this: “I will assemble the best talent possible, ask them to do extensive research and make clear suggestions. Then I will use thoughtful reasons to make the decision.”

You probably wouldn’t hire candidates who answer this way: “I’ll take some people who are undoubtedly loyal to me in key positions and have them make suggestions, but basically, I’ll make decisions based on my intuition.”

His intestines are really big

The simple choice you mentioned. Obviously, the second applicant is not eligible. We will never hire him. But we did and gave him the job of President of the United States.

Donald Trump, who has never read or studied slaves, announced last week that his global trade decisions would be made by his intuition. When asked how he would make a trade decision, Trump told reporters:

Instinctively, more important than anything else. You can hardly get your pencil to paper, which is actually more instinct than anything else. ”

Punish the penguin

Trump’s tariff names are so thorough and thoughtful that they even include places where there are few human inhabitants. Accept, you penguin! (The explanation is here)

Like most countries, the McDonald’s Islands on the edge of Antarctica and the islands heard were hit by 10% tariffs on April 2. Although population consolidation is zero. However, there are uncertain penguins on both islands.

In the history of the world, there is no record of any island exported to any sold island in the United States. In fact, there is no record of residents (Penguin remembers) never making anything for foreign trade. Some people say this is because penguins don’t have thumbs, so it’s difficult to hold tools. However, this may be a simple ambition.

Efforts to connect with penguins on both islands were unsuccessful. But we know they didn’t speak anyway.

On the contrary, some of the 2,188 people on Norfolk Island near Australia’s east coast have been talking about it.

“product Will Norfolk Island have a 29% tariff? Well, there is no product, so there is no impact. Tax consultant Gye Duncan told Reuters.

By the way, these three islands are Australia’s protectors, not sovereign states.

The trade war is in turmoil

Trump’s distortion and shift to tariffs is enough to make the most experienced roller coaster riders disgusted. So far, this is a further study on a car.

January

  • 1/20 – Inauguration Day. Trump announced a 25% tariff on Canada and Mexico by 2/1. He also said he would create an institution called External Tax Services. We are still waiting.

February

  • 2/1 – Trump declared 10% tariffs on China and 2/4 for Canada and Mexico.
  • 2/3 – 30 days of Canadian and Mexican tariffs were announced.
  • 2/4 – 10% tariff on China.
  • 2/10 – New 25% steel tariffs are announced at 3/3.
  • 2/25 and 3/1 – Trump directed the Commerce Department to consider exempting tariffs on copper and wood.

Moving

  • 3/4 – 25% tariffs are effective for Canada and Mexico. However, the tax on Canadian energy has been reduced to 10%. China’s tariffs have doubled to 20%. All three countries threaten to retaliate. China’s tariffs on U.S. farm exports reached 15%.
  • 3/5 – Trump ordered a 30-day exemption for cars and parts produced in Canada and Mexico after meeting with the U.S. automaker.
  • Announced a 3/6-30-day exemption for various trade projects in Mexico and Canada.
  • 3/12 – The United States imposes a 25% tariff on steel and aluminum. In response, the EU (EU) has put forward new tariffs on new tariffs on U.S. goods. In addition, Canada announced more tariffs.
  • 3/24 – All imports of oil or gas from Venezuela have been announced starting April 2, with a 25% U.S. tariff.
  • 3/26 – Trump imposed a 25% tariff on car imports starting from 4/3. At 5/3, tariffs will be extended to foreign auto parts.

April

  • 4/2 – During his “liberation day”, Trump imposed 10% tariffs on all countries. Some people are subject to higher tariffs, such as China, Vietnam, and of course Norfolk Island.
  • 4/4 – China announces a 34% tariff on Trump’s tariffs. Additionally, it ceased exports of rare earth minerals to the United States, which are crucial to use in the defense, automotive and energy industries in the United States.
  • 4/9 – Higher “Liberation Day” tariffs come into effect at midnight. But a few hours later, the government reversed the course and announced a 90-day suspension of the highest tariffs. In comparison, China’s tariffs totaled 125%. China, Canada and the EU announced plans to raise tariffs on U.S. goods.
  • 4/10 – The White House clarified that tariffs on Chinese imports were 125%.
  • 4/11 – Oppose Trump’s tariff hikes, China raises its tariffs on U.S. imports to 125%.

There are absolutely no exceptions to tariffs – items with those exceptions

Trump has motivated his tariff policy over the weekend. On Friday, U.S. Customs and Border Protection announced Temporarily stop tariffs on many electronic productssuch as semiconductors, cell phones and computers. But Trump clarified Sunday that tariffs on these goods have been reduced from 145% to 20%.

“There are no ‘exceptions’ announced on Friday.” “These products are subject to the existing 20% ​​of the tariffs and They just moved into other tariff buckets‘. ”

These tariff reductions are very important to the U.S. technology field, as most of its products and components are produced in China.

China’s response

The Chinese government called Trump’s tariff reductions on electronic products a “small step” and urged the elimination of all relevant taxes.

“We urge the United States to pay attention to the rational voices of the international community and domestic political parties and make great strides in correcting their mistakes,” CNBC reported.Completely abolish the illegal act of “reciprocity tariffs” And return to the right path to correctly resolve differences based on equal dialogues of mutual respect. ”

Criticize trade policy

China is not the only voice that needs to end Trump’s tariff war. Most economists, other countries and past administration officials, including many in Trump’s first administration, joined the chorus.

Perhaps one of the most conservative critics is Congressman Joe Walsh. With China’s electronics tariffs lowered, Walsh posted on X-“More exemptions, the question remains: If the tariffs are so large, why so many exemptions?”

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