Gabe Rubin

Breakingviews - Trump tariffs tip world into trade war abyss Donald Trump is pushing the global economic order to the breaking point. Unveiling new tariffs on Wednesday, the president said that he was being “kind” by only raising levies to half the level that his administration reckons peers place on U.S. imports. Consumers, businesses and world leaders are unlikely to feel much tenderness. Starting at 10% for all nations but rising higher for a bewildering array of trade partners – including 34% for China, 20% for the EU and 26% for India – they bring U.S. trade duties to their highest rates since the Great Depression. Top trading partners Canada and Mexico will be subject to their own bespoke regime. The stated twin goals of raising trillions in revenue while forcing manufacturing onshore are irreconcilable, complicating any last-minute attempts to negotiate a climb-down. In the meantime, the damage will be significant.

The Trump shock part 1: The president’s claim that tariffs will simultaneously raise revenue and boost U.S. manufacturing is incoherent, but also leaves less room for negotiation.
www.reuters.com/breakingview... By @gaberubin.bsky.social for @breakingviews.reuters.com

03.04.2025 05:38 — 👍 31    🔁 9    💬 1    📌 0

You will smash your fingers to pulp every time you take it out and put it away. Still worth it, though.

19.03.2025 16:27 — 👍 1    🔁 0    💬 0    📌 0

The conflict resolution scenes in “Essene” are great examples of that

11.02.2025 03:30 — 👍 1    🔁 0    💬 0    📌 0

They opened one in the old Georgetown Nike store on M Street recently

28.01.2025 21:14 — 👍 0    🔁 0    💬 0    📌 0

Breakingviews - Breakingviews: Mapping the way for Elon Musk’s efficiency drive Elon Musk’s understanding of the so-called deep state comes off as rather shallow. The Tesla CEO reckons $2 trillion can be slashed from the U.S. bureaucracy, echoing decades of arm-waving over wasteful spending in Washington. It’s a noble cause, but an implausible figure. Although there are undoubtedly savings to be found, it would be more helpful to find better ways to use allocated government capital.

The Javier Milei/George Osborne approach to austerity makes no sense in a US context-- better to make some targeted cuts and improve some services a la Al Gore, and call it a day

26.11.2024 15:05 — 👍 2    🔁 2    💬 0    📌 0

It’s really only Joey that’s unlistenable, and Mozambique is dumb. But the rest is good!

25.11.2024 02:34 — 👍 1    🔁 0    💬 1    📌 0

I didn't realise Scott Bessent had advocated Abenomics for the United States. Yikes.
Via @gaberubin.bsky.social @breakingviews.reuters.com
www.breakingviews.com/considered-v...

23.11.2024 10:30 — 👍 1    🔁 1    💬 0    📌 0