Trade: "He found the perfect enemy"
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Trade: "He found the perfect enemy"
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After "Liberation Day" in April, 7-11 July has been the biggest week so far in US President Donald Trump's disruptive second-term trade policy.
So far this week, 22 countries have received letters warning them that their stay of tariff execution is approaching its end in August. Or September.
"This is a TV season and we're nearing the end and it's got to get more and more exciting week by week before Trump announces all of his big deals," says Brian Jackson, Medley Advisors' trade policy and China analyst.
This podcast is an edited version of of Medley's weekly analysts meeting, during which Jackson, Mario Lima (Brazil), Ignacio Labaqui (Argentina/Latin America), and Pepijn Bergsen (Europe) discuss Trump's global de-escalation disguised as escalation and his novel decision to hit Brazil with a punitive tariff to influence a legal decision.
"I really don't think that Trump is actually that interested in Brazil," says Lima. "He found the perfect enemy because it's not going to be that costly to the US to just use Brazil as an example".