Trump says he’s raising tariffs on China to 125% and reducing tariffs on other countries to 10% for 90 days.

Writer, podcaster, and commentator on foreign affairs and politics. Runs /dropglobalnews

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I’m confused — is it a pause? Or reduction? And do the 🐧 still have to pay?

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insofar as they're a proxy exporter...

gray market shipping is a mess.

𝖒𝖆𝖓𝖉𝖆𝖙𝖚𝖒 𝖆𝖉 𝖆𝖘𝖙𝖗𝖆

They are literally penguins — there are no people or ports so no trade & no need for tariffs but yes it’s all a mess

I disagree, it was very obvious that such an export arbitrage would take place.

like I said, gray market shipping is an absolute mess. just look at flags of convenience, and the resulting drama with Panama.

there was no point making an exception for those islands because there's already precedent with atoll shenanigans. why waste time and effort on the wonky content when the catchphrase spreads so much further?

I think it's great that the gambit is up for debate.

then again, considering all moving parts, let's wait and see.

how????? No trade occurs there at all. And these were called RECIPROCAL tariffs — there was no tariff because no trade. It was absolutely not intentional— it was an error