On the menu today: There are two main takeaways from yesterday’s so-called “Liberation Day” announcements. The new tariffs are economically illiterate, self-destructive, top-to-bottom nonsense, imposed with no sense of rhyme or reason, assembled by White House staffers who do not know which territories have serious trade relationships with the U.S. and which ones are inhabited entirely by penguins. Also, the White House continues to avoid almost any decision that could possibly antagonize Vladimir Putin, while inflicting as much pain as possible on longtime allies and vulnerable friends like Israel and Taiwan.
For America’s enemies, Wednesday was the best day in a long time.
Lamentation Day
President Donald Trump once said of Mexico, “They’re not sending their best.” We can now say the same of the White House and the team that assembled yesterday’s sweeping tariff hikes.
The Trump administration announced a 10 percent tariff on all imports from the Australian territories of the Heard and McDonald Islands.
Those are uninhabited islands. What, are the penguins stealing American jobs?
The administration also announced a ...
