1. ...Speaking aboard the presidential plane on a flight back to Washington DC, Trump said European and Asian countries were "dying to make a deal".
He also pushed back against a reporter's inquiry about American consumers' "pain threshold" as fears of steep price increases and a market recession grow.
"I think your question is so stupid," he told the reporter. "I don't want anything to go down. But sometimes you have to take medicine to fix something."
In a series of TV interviews earlier on Sunday, Trump's top officials also played down recent stock market falls.
Treasury Secretary Scott Bessent told NBC's Meet the Press programme that there was "no reason" to expect a recession as a result. "This is an adjustment process," he added.
Bessent also argued that Trump had "created maximum leverage for himself, and more than 50 countries have approached the administration about lowering their non-tariff trade barriers, lowering their tariffs, stopping currency manipulation".
Meanwhile, Commerce Secretary Howard Lutnick told CBS News that the 10% "baseline" tariff on all imports, which came into effect a day earlier, will definitely "stay in place for days and weeks"....
Anti-Trump protests were held in cities across the US over the weekend, in the largest nationwide show of opposition since the president took office in January.
Hundreds of thousands of people turned out in Boston, Chicago, Los Angeles, New York and Washington DC, among other cities, with protesters citing grievances with Trump's agenda ranging from social to economic issues.
Source Link: https://www.bbc.com/news/articles/c2093qgx14po
2. Poster's Comment:
Herein I use three analogies to depict the White House incumbent's desperate, drastic tariff war against the whole world.
(a) In the first analogy, a cowboy heard his enemy shouting behind him: "Hands up!" Knowing very well that it would be too slow for him to turn around to shoot at his enemy, and that capitulation would also seal his fate, he resorted to eating a bullet (that is, placing his pistol in his mouth and firing a bullet into the back of his throat) in the hope that he would die together with his enemy.
(b) In the second analogy, a suicide bomber had detailed intelligence that his enemy was somewhere among the crowd in a busy marketplace. Even knowing his friends and relatives were in the same marketplace, he decided to blow himself up in the crowd, because it was the only chance for him to kill his elusive enemy after numerous failed assassination attempts.
(c) Commenting on Sir Trump's remark (because he likes others to call him Sir) on the need to take medicine sometimes to fix something, I use the analogy of a desperate patient taking a daily dose of warfarin tablets (a type of rat poison) as remedy for a thrombus in his femoral vein.
In 1954, warfarin was approved for therapeutic use as an anticoagulant in the prevention of thrombosis and thromboembolism. More than 60 years later, it remains the world’s most widely prescribed oral anticoagulant, even though it is far from ideal.
My parting shot: Please don't miss your daily dose of rat poison.
Additional Reference:
pharmaceutical-journal.com
He also pushed back against a reporter's inquiry about American consumers' "pain threshold" as fears of steep price increases and a market recession grow.
"I think your question is so stupid," he told the reporter. "I don't want anything to go down. But sometimes you have to take medicine to fix something."
In a series of TV interviews earlier on Sunday, Trump's top officials also played down recent stock market falls.
Treasury Secretary Scott Bessent told NBC's Meet the Press programme that there was "no reason" to expect a recession as a result. "This is an adjustment process," he added.
Bessent also argued that Trump had "created maximum leverage for himself, and more than 50 countries have approached the administration about lowering their non-tariff trade barriers, lowering their tariffs, stopping currency manipulation".
Meanwhile, Commerce Secretary Howard Lutnick told CBS News that the 10% "baseline" tariff on all imports, which came into effect a day earlier, will definitely "stay in place for days and weeks"....
Anti-Trump protests were held in cities across the US over the weekend, in the largest nationwide show of opposition since the president took office in January.
Hundreds of thousands of people turned out in Boston, Chicago, Los Angeles, New York and Washington DC, among other cities, with protesters citing grievances with Trump's agenda ranging from social to economic issues.
Source Link: https://www.bbc.com/news/articles/c2093qgx14po
2. Poster's Comment:
Herein I use three analogies to depict the White House incumbent's desperate, drastic tariff war against the whole world.
(a) In the first analogy, a cowboy heard his enemy shouting behind him: "Hands up!" Knowing very well that it would be too slow for him to turn around to shoot at his enemy, and that capitulation would also seal his fate, he resorted to eating a bullet (that is, placing his pistol in his mouth and firing a bullet into the back of his throat) in the hope that he would die together with his enemy.
(b) In the second analogy, a suicide bomber had detailed intelligence that his enemy was somewhere among the crowd in a busy marketplace. Even knowing his friends and relatives were in the same marketplace, he decided to blow himself up in the crowd, because it was the only chance for him to kill his elusive enemy after numerous failed assassination attempts.
(c) Commenting on Sir Trump's remark (because he likes others to call him Sir) on the need to take medicine sometimes to fix something, I use the analogy of a desperate patient taking a daily dose of warfarin tablets (a type of rat poison) as remedy for a thrombus in his femoral vein.
In 1954, warfarin was approved for therapeutic use as an anticoagulant in the prevention of thrombosis and thromboembolism. More than 60 years later, it remains the world’s most widely prescribed oral anticoagulant, even though it is far from ideal.
My parting shot: Please don't miss your daily dose of rat poison.
Additional Reference:
The pros and cons of rat poison as medicine
Originally developed as a rat poison, warfarin has been used as an anticoagulant for over 60 years. But why is it so popular when alternatives are available?
pharmaceutical-journal.com
