POLITICS

Trump’s Tariffs and the World Economy.

Trump strives to bring order out of chaos—or at least to line the pockets of his friends.

© Wikimedia Foundation

Yannis Tan in Spring Hill, Brisbane


In a stunning display of economic wizardry, U.S. President Donald J. Trump has once again managed to throw the global economy into disarray this time with a fresh round of tariffs that even his closest advisors were unaware of until they saw it trending on X (formerly Twitter). The move, officiaily aimed at "protecting American jobs," has instead achieved the remarkable feat of simultaneously alienating U.S. allies, spooking multinational corporations, and making life just a little more unbearable for the working class. And if that doesn't scream 'presidential campaign strategy. what does?

Trump, known for his keen business acumen (as demonstrated by his multiple bankruptcies and the implosion of Trump Airlines, Trump Steaks, and Trump University), has targeted everything from Chinese electronics to European cheese. ensuring that both Silicon Valley execs and suburban wine moms feel the burn. Supply chains have gone into cardiac arrest, with major U.S. businesses scrambling to keep up with the erratic policy changes. The result? Mass confusion, inflationary panic, and CEOs speed-dialing their lobbyists faster than you can say "regulatory loophole."

"Tariffs are great. I love tariffs," Trump told reporters outside Mar-a-Lago, where he was golfing through the chaos. "You put them on, you take them off, you put them back on again-it's like a tax, but nobody calls it a tax, so it's fantastic."

Meanwhile, global leaders have responded with a mix of horror and grim resignation. China has retaliated by slapping tariffs on American-made tractors, bourbon, and anything Elon Musk tweets about. The European Union, in a bold countermeasure, has started referring to French fries as "Liberty Sticks" just to mess with Trump. Meanwhile developing nations, already reeling from structural violence imposed by international financial institutions, are watching in disbelief as yet another round of economic brinkmanship dictates their access to basic goods. As one African Union official put it, "We were hoping for debt relief, but I guess we'll settle for front-row seats to the world's dumbest economic standoff.

And speaking of global superpowers, the billionaire CEO class-otherwise known as the shadow government has been remarkably quiet. Jeff Bezos has reportedly been too busy plotting how to charge customers a Prime membership for breathing, whil Mark Zuckerberg is investing in the Metaverse's first luxury bunker for when this all inevitably implodes. Meanwhile, Jamie Dimon of JPMorgan Chase issued a statement saying, "Markets are resitient," which roughly translates to, "We made our money, good tuck to the rest of you." Over at Tesla, Elon Musk-Trump's Twitter frenemy and self proctaimed "technoking"has decided to stay out of the debate entirely, except to announce he's "very interested" in building a Mars colony that will be "100% tariff- free." Because nothing screams economic stability like escaping to another planet.

Of course, the real question here isn't about the economy-it's about Trump's endgame. While he may officially be out of office, his ambitions remain sky-high, and if there's one thing he's good at, it's making chaos work in his favor. Whispers from Mar a-Lago suggest that this entire tariff play is just another calculated step toward his "rightful return" to power. After all, if he destabilizes global trade enough, he might just be able to convince enough Americans that he, and only he, can fix it. Who better to solve a crisis than the man who created it?

With the Republican primaries approaching and his opponents crumbling faster than his failed casinos, the billionaire-backed machine is already shifting gears. The rhetoric is building: Biden's economy is in shambles (conveniently ignoring that Trump's tariffs helped), America is weak (because paying more for avocados is the new definition of national collapse), and only a true "deal maker" can restore the country to its former glory. And if that means another term officially or otherwise--Trump is more than willing to make that happen.

The implications of this power play are enormous. If Trump manages to swing public opinion in his favor, we're looking at a potential rematch with Biden-or, if he really leans into the chaos, a Supreme Court showdown over whether he can just go ahead and run for a third term. Legal scholars say no, but since when has Trump ever let legalities get in the way of his plans? The international business community is bracing itself, corporate lobbyists are working overtime, and the rest of us? Well, we're just hoping that our morning coffee doesn't come with an extra tariff surcharge by next

week

If history has taught us anything, it's that Trump's tariff announcements are about as permanent as his cabinet members. Markets will panic, businesses will scramble, pundits will yell, and within a few weeks, everything will be reversed via an all-caps social media post. In the meantime, global leaders will be stocking up on aspirin, billionaire CEOs will be hedging their bets, and we'll all be wondering how this man still hasn't been impeached more than twice.

So, what's the next step in Trump's grand business-political strategy? Who knows? Maybe he'll slap a tariff on reality itself. After all, as he once said, "I alone can fix it."


Keep up with what’s happening.

The IES Underground Newsletter delivers the freshest news right to your inbox. Let’s make something incredible happen.