Trump’s tariff leaves seem to mean little

The paramuts who want to judge each other later passed from love letters to Instagram DMS.

But some form of this epistolary tradition remains today in the majestic sphere of politics. US President Donald Trump showed on Monday that he wrote letters to the heads of 12 countries, informing them of new tariff rates, which should start on August 1.

After the first reading of the sheet is enough to send the heart racing. It contains bold emotional declarations (“You will never be disappointed by the United States of America”), large two -digit figures (25% to 40%, depending on the recipient) and veiled threat that should not be mutual (“these tariffs can be changed … depending on our country”).

But if we take a step back, it turns out that the appointment of the letters may not be the same than the Trump’s “back” tariffs table In April, he rose to the pink garden of the White House.

The letters threaten the rigid tariffs that will start at a particular date (Or, as I am sure, any term from the White House) unless the countries agree with the US for a trade transaction. Even the tariff figures are not so far from what was found. In other words, the letters can simply be a restoration of April events.

“If you are experiencing the details, I don’t even know if you understand anyone’s difference between what was announced today, what was there before, and if it actually implemented and what companies actually affectBell closure“

Trump on Sunday, in response to whether the term for tariffs will be, said: “They will be tariffs. Tariffs will be tariffs.”

In the same way, the tariff is a tariff that is a tariff, whether in a letter stated on a large graph, or even sent to Instagram DM.

Tariffs, reducing real salary, growth slowing: Central Bank in Japan cut off work

Japan Bank faces a tough problem: normalization of its monetary policy, as growth slows down among the steep tariffs in the US, while real wages are reduced with inflation.

In May 20 months, real wages fell at the fastest pace, pressing the Central Bank to increase rates and enhance inflation. But the economic slowdown appears to hold back the Bank’s ability to strengthen politics.

– Lim Hui Jie