President Trump did what he had to do.
Last week, President Trump dropped an economic neutron bomb by declaring tariffs on virtually every country on the planet – tariffs based not on reciprocal tariff rates, but on trade deficits. After an initial stock dump of approximately 10% and then days of the markets bouncing up and down like a hyperactive corgi, President Trump finally announced that he would be undoing his threatened tariff regime with regard to our allies.
In a statement posted to TruthSocial, he said:
Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.
Conversely, and based…
