deny.
deflect.
delay.
f*ck those guys.
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So some of us have just always been assholes. Good to know!
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By Mary Geddry:
Meanwhile, outside our increasingly paranoid borders, the grown-ups are still at the table. Canada, led by a calm and resolute Mark Carney, is executing what can only be described as precision economic diplomacy. Their retaliatory tariffs aren’t broad-stroke chaos, they’re surgical. Instead of going after random U.S. goods, they’ve targeted symbolic, regionally sensitive exports: peanut butter from Georgia, coffee from Florida, orange juice from Florida, motorcycles from Wisconsin, and bourbon from Kentucky, each selected not only for economic impact, but for political resonance in Republican strongholds. At the same time, they’ve spared critical sectors like auto manufacturing, shielding Canadian jobs while preserving the long-integrated North American supply chain. Provinces have joined in with layered actions of their own. Ontario canceled a $100 million Starlink contract, Quebec ordered American liquor off state shelves, and Nova Scotia doubled tolls on U.S. commercial vehicles. Retailers across the country are now labeling American goods with a “T” for “tariff,” inviting consumers to make patriotic purchasing decisions. The result? A population that understands the stakes and a government actually coordinating its moves with strategy in mind, not cosplay, not chaos, but competence.
Japan, for its part, has begun quietly rebalancing its trade and defense postures, no longer convinced that the U.S. under Trump is a reliable ally or market. As Shinji Aguma recently said in a speech that’s now ricocheting across global capitals, Trump behaves less like a statesman and more like an extortionist. Japan is responding accordingly, hedging its economic bets while bolstering ties with the EU and ASEAN nations.
China, for its part, is playing a masterclass in strategic patience. While Trump rattles sabers and brags about tariff victories that don’t exist, Beijing is quietly tightening its grip on global supply chains, shifting rare earth exports to preferred partners, and expanding its Belt and Road economic influence without firing a shot. Instead of engaging in tit-for-tat chaos, they’ve taken a colder approach: reducing purchases of long-term U.S. Treasuries, redirecting trade to Latin America and Africa, and quietly expanding yuan-denominated trade agreements—including a notable spike in oil deals settled outside the dollar. Internally, they’re cushioning the impact of U.S. tariffs through state subsidies and domestic stimulus, while externally, they’re simply allowing U.S. dysfunction to speak for itself. When asked if they plan to retaliate with a major U.S. bond selloff, they don’t say yes—they just don’t have to. The global market now expects instability from Washington, and China knows that expectation is power. Trump wants a fight; Xi Jinping is playing a waiting game. And every day Trump wages war against courts, investors, and allies, he’s doing Beijing’s work for them.
The European Union, too, is playing the long game. Rather than matching chaos with chaos, they’ve responded to Trump’s tariff barrage with targeted countermeasures, hitting Harley-Davidsons, bourbon, and cranberries in 2020, and now reviving pressure on key industrial imports like American-made electrical components and processed foods. But more importantly, they’re channeling their energy into building out multilateral alternatives: accelerating trade agreements with Mercosur and Australia, strengthening ties with Japan under the EU-Japan Economic Partnership Agreement, and actively pursuing deeper integration with African and ASEAN markets. They’re also welcoming disillusioned U.S. investors. European equity funds have seen net inflows of over $11 billion this month alone, even as U.S. stock funds bled nearly $11 billion. Germany, France, and the Netherlands have seen especially strong investment surges, with capital moving into euro-denominated bonds and infrastructure projects offering both stability and return. And they’re doing all of this while watching the United States melt into a self-inflicted credibility crisis over its own debt, its currency, and its basic ability to govern. In short, while Washington yells into its own echo chamber, Brussels is quietly rerouting the future.
the rest
At home, the contrast is staggering. Trump continues to wage war against his own institutions. He has vilified the Federal Reserve, cast doubt on the integrity of courts, and inflated the powers of unqualified loyalists like Peter Navarro, a man who literally invented a fake economist to back his theories. Cooler heads, seasoned experts, and non-fabricated humans have been pushed aside in favor of true believers whose economic strategies might as well be based on Reddit threads and revenge fantasies.
The result is a spiral: as international partners recalibrate and global capital exits, Trump grows more erratic. He screams about depression, lashes out at Jerome Powell, threatens allies, and blames everyone but the mirror. But this isn’t just the tantrum of a man losing control. It’s the very real danger of a once-stable empire hollowed out by ego, paranoia, and a dangerous belief that reality itself can be managed like a brand.
There is still time to pull back from the brink, but it would require Trump to abandon the fantasy that he alone can fix what he alone is breaking. And that, as history has shown again and again, may be the most dangerous illusion of all.
#tariffs #tradewar #China #Canada #europe
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Beleaguered aerospace giant Boeing has sold some of its “Digital Aviation Solutions” portfolio to private equity outfit Thoma Bravo.
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Follow-up:
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Ok, this makes me wonder who conducts the audits for this organization. They do conduct audits, right?
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Arthur Andersen?
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FTA:
With companies investing heavily in automating trucks, an attempt to push the worker out of the process altogether, the industry is even more aggressive with its drivers lately. The feeling is that workers have to accept lower wages because otherwise they’ll just be replaced by a machine.
From the introduction to Wiener’s Cybernetics (1948), which I’ve quoted else-elsewhere:
[M]echanical labor has most of the economic properties of slave labor, although, unlike slave labor, it does not involve the direct demoralizing effects of human cruelty. However, any labor that accepts the conditions of competition with slave labor accepts the conditions of slave labor, and is essentially slave labor. The key word of this statement is competition. It may very well be a good thing for humanity to have the machine remove from it the need of menial and disagreeable tasks, or it may not. I do not know. It cannot be good for these new potentialities to be assessed in the terms of the market, of the money they save; and it is precisely the terms of the open market, the “fifth freedom,” that have become the shibboleth of the sector of American opinion represented by the National Association of Manufacturers and the Saturday Evening Post. I say American opinion, for as an American, I know it best, but the hucksters recognize no national boundary.
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As Trump Demands Companies Bring Jobs to U.S., Apple Is Shifting Its Production to… India
Hands up everone who is surprised!
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Robert Reich lists the factors that led to the rise of 47, and what needs to be done to prevent more pols from using the same playbook:
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Uh oh. We already knew foreign travel to the US was down.
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Even we don’t want to visit us.
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