trump dump (12. 569)

As a made-for-television drama and the only interesting side-show from the administration, we’ve been ignoring Trump’s decision to reignite the trade war over his gimmicky tariff regime. Only two real negotiations successful between the UK and Vietnam, Trump is again threatening to levy punishing export duties against Canada, Brazil and many others by the first of August, and whilst investors and businesses (over-stocked in preparation for the first round that never materialised) have likely factored in this bullying and charade—there’s no reciprocity in reciprocal tariffs—markets could still react with disfavour to all this chaos and uncertainty. There’s nothing substantive behind the threats and the interlocutors know this, but for the sake of appeasement, the aggrieved parties put on the line other so-called barriers to trade as a trade-off that Trump could count as a win and the real stakes come in the form of compromising environmental, health and safety standards. In other recent news, Trump has toyed with the idea of federalising New York City and Washington, DC to put both irksome metropolises directly under his control. The Department of Justice is directed to sue sanctuary cities in order to end their policies of protecting migrants and the same time prioritising cases to revoke American citizenship. The budget for ICE (Immigration and Customs Enforcement) is tripled under the One Big Beautiful Bill and now surpasses that of the Marines. The US supreme court, in recess, issued a shadow docket ruling that allows the administration to deport individuals to third party nations with which they have no affiliation. Whilst no new sanctions are being levied against Russia, Trump is expressing increasing exasperation with Putin—and it was revealed by an audio clip to donors during a fund raising event (an exchange during the campaign and not released until now) that Trump reportedly told Putin and Xi he would bomb their respective capitals should they continue incursion on Ukraine and Taiwan—“he said ‘no way’ and I said ‘way.’ Reversing a very pregnant pause, however, Trump is restarting weapons deliveries to Kiev and supplying US air defence materiel. National weather agencies are ordered to scrap climate websites and collecting data—Trump praising the botched response of his Federal Emergency Management Agency director who is tasked with dismantling it and devolving the responsibility to the states in the wake of devastating flooding in Texas. Invoking a high school football analogy, the state’s governor said that only losers focus on their mistakes. Such winning.