Tuesday, May 13, 2025

How The Trump Grift Works

 Trump cons by being loud and insistent, then moving onto something else for him to bellow about.

The Guardian points out the emptiness of Trump's noise: Friday briefing: A big, beautiful trade deal – or a mugging from the school bully?

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Trump praises ‘total reset’ of trade relations with China as talks continue (FRance24)

The Geneva meeting comes after Trump unveiled a trade agreement with Britain, the first deal with any country since he unleashed his blitz of global tariffs.
The five-page, non-binding deal confirmed to nervous investors that the United States is willing to negotiate sector-specific relief from recent duties, but maintained a 10 percent baseline levy on most British goods.

Following the US-UK trade announcement, analysts have voiced pessimism about the likelihood negotiations will lead to any significant changes in the US-China trade relationship.

"It's nice that they're talking. But my expectations for the actual outcomes of this first round of talks is pretty limited," Sheets from Citigroup said.

"I think it's quite possible they'll walk away from Geneva saying how constructive and productive the talks were, but not actually reducing tariffs at all," Hufbauer said.
sch 5/11

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