And the left goes apoplectic....
“Sometimes you have to take the medicine,” said President Donald Trump, back in April, as markets plummeted and the world convulsed in response to his “Liberation Day” tariffs. He denounced his critics as “Panicans”.
Four months on, and the panic has all but passed. After initial discomfort, the patient appears to be digesting Dr Trump’s unorthodox treatment and is responding well. The key to recovery, it seems, is to accept that the global economic order was wrong and the Donald is right. It’s funny how often this seems to be the case.
The stock markets quickly recovered from their slump and hit new highs this week, after the European Union struck an initial trade agreement with the United States. The EU has accepted a 15 per cent levy on its exports to the United States and promised to buy many more American goods. In return, America gave away almost nothing. This is Trumponomics 101: he wins, you pay.
The extent of his domination can be seen in the fact that Ursula von der Leyen, the President of the EU Commission, and Keir Starmer both came in turn to Turnberry, in Scotland, to perform the diplomatic formalities, while he took time out from playing golf on the course he owns. For his part, the gracious host flattered his guests by calling them “tough negotiators” even as they essentially accepted all his terms. This is the Art of the Post-Deal: he flatters, you keep paying.
~ “It’s complicated but not that complicated, when you get right down to it,” Trump told von der Leyen on Sunday. The simple truth, which he understood but the rest of the world couldn’t quite admit, is that every country desperately wants access to the US market, which is why he, as America’s Commander-in-Chief, must have the upper hand on global trade. The leverage is his, inevitably.
America’s booming economy proves Trump was right – again
“Sometimes you have to take the medicine,” said President Donald Trump, back in April, as markets plummeted and the world convulsed in response to his “Liberation Day” tariffs. He denounced his critics as “Panicans”.
Four months on, and the panic has all but passed. After initial discomfort, the patient appears to be digesting Dr Trump’s unorthodox treatment and is responding well. The key to recovery, it seems, is to accept that the global economic order was wrong and the Donald is right. It’s funny how often this seems to be the case.
The stock markets quickly recovered from their slump and hit new highs this week, after the European Union struck an initial trade agreement with the United States. The EU has accepted a 15 per cent levy on its exports to the United States and promised to buy many more American goods. In return, America gave away almost nothing. This is Trumponomics 101: he wins, you pay.
The extent of his domination can be seen in the fact that Ursula von der Leyen, the President of the EU Commission, and Keir Starmer both came in turn to Turnberry, in Scotland, to perform the diplomatic formalities, while he took time out from playing golf on the course he owns. For his part, the gracious host flattered his guests by calling them “tough negotiators” even as they essentially accepted all his terms. This is the Art of the Post-Deal: he flatters, you keep paying.
~ “It’s complicated but not that complicated, when you get right down to it,” Trump told von der Leyen on Sunday. The simple truth, which he understood but the rest of the world couldn’t quite admit, is that every country desperately wants access to the US market, which is why he, as America’s Commander-in-Chief, must have the upper hand on global trade. The leverage is his, inevitably.
