Thursday, 10 April 2025

Donald Trump blinks first

So the Big Man has blinked.Only 24 hours ago he was promising to stay the course and let every country beg for mercy and offer fancy trade deals to benefit the United States. Then suddenly, he got the message loud and clear that the US economny was heading into an abyss and recession unless he backed off. So he backed off and suspended all the high tariffs he had imposed on everyone. He made onoly one other change, he increased the tariffs against China to 125 per cent just for good measure to try and show that he was still holding the stick against his biggest rival. But everyone else went down to 10 per cent. Will this puncture Trump's bombast or will he negotiate his way out of a humiliating pullback by claiming he has got some wonderful deals. On the face of it, however, Trump has done a Liz Truss. Banked all his plans and dreams into one big pot and then found it was cracking from top to bottom. Truss was forced to resign and accept her legacy of ignominy. Trump will survive but the battering ram approach may now be put back in the cupboard where it belongs.

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