Quote:
Originally Posted by Damien
Trump was elected because people were unhappy with the economy, it hasn't got better (maybe worse), and if he doesn't turn it around voters will be angry.
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It has got worse in terms of inflation encouraging Trump to Taco on tariffs on Brazil.
Quote:
Four months ago, US President Donald Trump announced 40 per cent additional tariffs on Brazilian imports (creating 50 per cent total levies), because he was furious about the country’s legal investigation into Jair Bolsonaro, its former president, and its clampdown on US Big Tech.
But president Lula da Silva defiantly hit back at the bullying – boosting his domestic popularity – and defended the courts. A Brazilian judge has now sent Bolsonaro to jail.
And those tariffs? Last week, Trump declared that “certain agricultural imports from Brazil should no longer be subject to the additional [40 per cent surcharge]”. In plain English: Lula won.
There are at least three lessons here. The first is that the White House seems to be becoming more nervous about cost-of-living pressures. No wonder: recent surveys show that consumer sentiment is slumping in tandem with Trump’s approval rating. His team is scrambling to find ways to reduce grocery prices – and cutting agricultural tariffs is an obvious move.
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(The other two lessons were standing up to Trump, a lesson learned from China's success and identifying in any Tariff action a hierarchy of “goals”, “strategies” and “tactics”. )
https://archive.ph/OQw8S#selection-1641.0-1641.361