Overbearing?
OPINION: Dust ups between rural media and PR types aren't unheard of but also aren't common, given part of the job description of PR is to grease the wheels and ensure clients get good media coverage.
Maurice Obstfeld, a former IMF Chief Economist, recently noted these tariffs will hit Americans hardest, if reintroduced after the 90-day pause.
Here in NZ, commentator Oliver Hartwich reckons the Trump administration is taxing imports in precisely the areas in which the US economy gains the most – like cheap inputs for manufacturing or products no longer made domestically.
The result will be higher prices, less choice and less prosperity. “It is economic self-sabotage dressed up as patriotism.”
This mutt reckons the temporary suspension is a welcome reprieve but the underlying strategy has not changed – nor has the threat. Trump’s decision to hike tariffs on Chinese imports to ridiculous levels shows that this trade war is far from over.
