Summary
Donald Trump lashed out at China for retaliating against his new tariffs, calling the country the “biggest abuser” of U.S. trade.
After Trump imposed an additional 34% tariff on Chinese goods, China responded with its own 34% tariff on U.S. products and suspended key imports.
Financial markets in both countries plunged, with U.S. economists warning of a potential recession.
Despite backlash, Trump defended his strategy, urging the Fed to cut rates and calling the tariffs a path to long-term gain. Critics warn of global economic instability and rising protectionism.
Chamberlain didn’t collude with the Nazis in looting Czechosolovakia after they held off the Germans for two years against all odds. What Trump is doing is far worse.
And in WW2, the protectionism trade wars came a decade or more before the cynical appeasement.
On the other hand Trump haven’t forbidden Ukraine to fight back on their own(yet). Which is what west did to Czechoslovakia.