De-liberation?

Mushroom Cock’s “beautiful” tariffs from last week appear to be on hold… yay?

Donald Trump’s surprise decision to pause the hefty tariffs he had just imposed on dozens of countries brought relief for battered global stock markets, even as he ratcheted up a trade war with China.
Markets across Asia rose sharply on Thursday on signs that the US president’s trade war may not prove as damaging to the global economy as feared.
European markets, which had closed when Trump announced the 90-day pause on Wednesday, jumped at the start of Thursday’s session. The FTSE 100 was up 6.2%, rising 485 points to 8166 points, continuing the relief rally. Germany’s Dax rose 7.8% while France’s Cac 40 was up 6.4%, and Spain’s IBEX 35 climbed 7.2%.
Trump’s U-turn, which came less than 24 hours after steep new tariffs kicked in on most trading partners, followed the most intense episode of financial market volatility since the early days of the Covid pandemic.
The upheaval erased trillions of dollars from stock markets and led to an unsettling surge in US government bond yields that appeared to catch Trump’s attention.

It appears someone at the White House retains enough sense to be scared by this shit, cos, you know, trillions of dollars being wiped out is bad despite what the orange dickhead probably thinks and despite what his cultists and propagandists would have you believe:

Losing money means nothing. Sure. It’s not like you’re losing anything except money. You know, that thing which, as a general rule, allows people to buy food, which is kind of necessary to stay alive (unless the breatharians are actually right somehow). I don’t know how America First policies taste, but I’m fairly sure they’re empty calories anyway.

Author: James R.

The idiot who owns and runs this site. He does not actually look like Jon Pertwee.