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Trump threatens to escalate trade war amid confusion over new tariff rates (www.theguardian.com)

submitted 3 weeks ago by babysandpiper@sopuli.xyz to c/economics@lemmy.world

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Donald Trump vowed to further escalate his trade wars on Tuesday, threatening US tariffs of up to 200% on foreign drugs and 50% on copper, amid widespread confusion around his shifting plans.

Hours after saying his latest deadline for a new wave of steep duties was “not 100% firm”, the US president declared that “no extensions will be granted” beyond 1 August.

“There has been no change to this date, and there will be no change,” Trump wrote on social media, a day after signing an executive order that changed the date from 9 July.

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[–] shalafi@lemmy.world 2 points 3 weeks ago

I'm stunned his handlers don't have better control over this man. Narcissists are stupid easy to manipulate, and this one's eat up with dementia.