Source: Garrison Center
by Thomas L Knapp
“From early April to mid-May, US trade policy went from the bizarre ‘Liberation Day’ tariff schedule — ‘reciprocal’ tariffs that weren’t reciprocal and wouldn’t have made sense if they had been — to US president Donald Trump’s announcements of ‘major’ trade agreements with the Chinese and British regimes. … The obvious question is whether Trump blinked after his tariff madness produced predictably damaging economic results for Americans and those Americans noticed, or whether this is another one of his head fakes and we can expect him to reverse himself yet again in the coming months …. the latter seems more likely … and that continuing uncertainty, even more than the obvious and irrefutable stupidity of protective tariffs, is the problem.” (05/13/25)