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Cake day: June 16th, 2023

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  • All these TACO memes are wearing pretty thin. Trump has instituted a minimum of 10% tariffs on all trading partners, with scant prospect of them ever lowering in the future even after his presidency (once tariffs go up, it’s very hard to bring them down because of the special interests that come to depend on them). He has strongarmed the EU, Japan, and other countries into accepting these permanently elevated tariff levels without retaliation. Only 3 countries have shown any sort of backbone against this: China, Canada, and Brazil (maybe India, but it’s too soon to say). In all the other cases, Trump ain’t the one chickening out, it’s the other side that abjectly folded.

    (It doesn’t matter, by the way, if the Europeans intend to slow walk the investments and weapon purchases they promised to Trump, or whatever. That’s copium. The point is that they bent to Trump’s will, and once you cave to a bully, he’ll be back for more.)