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   John Quiggin (johnquiggin@aus.social)'s status on Tuesday, 04-Feb-2025 10:38:13 JST John Quiggin

   Trump has folded on tariffs: pulling back in return for the most minimal face-saving "concessions". But the issue comes back in 30 days, by which time neighbours will be better prepared. And he's still promising tariffs for EU and UK.

   If there is a strategy here, I'm not seeing it.

   • Embed this notice
     fu (fu@libranet.de)'s status on Tuesday, 04-Feb-2025 10:38:12 JST fu

     in reply to
     @johnquiggin wait, what was withdrawn?
   • Embed this notice
     John Quiggin (johnquiggin@aus.social)'s status on Wednesday, 05-Feb-2025 00:59:44 JST John Quiggin

     in reply to

     • fu

     @fu The announcement of tariffs on Canada and Mexico

     fu likes this.
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     fu (fu@libranet.de)'s status on Wednesday, 05-Feb-2025 18:54:56 JST fu

     in reply to
     @johnquiggin do you have a reliable news source saying so? 2 days later and I am still seeing articles written as if nothing has been withdrawn.
   • Embed this notice
     John Quiggin (johnquiggin@aus.social)'s status on Wednesday, 05-Feb-2025 21:02:26 JST John Quiggin

     in reply to

     • fu

     @fu More precisely, paused for 30 days.

   • Embed this notice
     fu (fu@libranet.de)'s status on Wednesday, 05-Feb-2025 21:02:26 JST fu

     in reply to
     @johnquiggin that's not a news article.
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     Linux Walt (@lnxw37j1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw37j1@gnusocial.jp)'s status on Wednesday, 05-Feb-2025 22:40:37 JST Linux Walt (@lnxw37j1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

     in reply to

     • fu
     @fu @johnquiggin
     
     (Source) Associated Press: https://gnusocial.jp/url/4084918
     
     > President Donald Trump on Monday agreed to a 30-day pause on his tariff threats against Mexico and Canada as America’s two largest trading partners took steps to appease his concerns about border security and drug trafficking.
     
     > The pauses provide a cool-down period after a tumultuous few days that put North America on the cusp of a trade war that risked crushing economic growth, causing prices to soar and ending two of the United States’ most critical partnerships.
     
     (Source ) Reuters: https://gnusocial.jp/url/4076774
     
     > MEXICO CITY/WASHINGTON/OTTAWA, Feb 3 (Reuters) - U.S. President Donald Trump suspended his threat of steep tariffs on Mexico and Canada on Monday, agreeing to a 30-day pause in return for concessions on border and crime enforcement with the two neighboring countries.
     
     (Commentary) MSNBC: https://gnusocial.jp/url/4084919
     
     > All of which leaves us with a fairly obvious conclusion: Trump picked a fight, faced pressure, saw stock market declines, and caved in exchange for effectively nothing, sparking a new round of international headlines about the American president being a "paper tiger."
   • Embed this notice
     fu (fu@libranet.de)'s status on Thursday, 06-Feb-2025 01:34:49 JST fu

     in reply to

     • Linux Walt (@lnxw37j1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
     @lnxw37j1 @johnquiggin THANKS!