“WACO” was a term I saw on socials earlier after the following article from the FT pointed out that America’s trading partners have largely failed to retaliate against Trump’s trade war so far, which has allowed a president who’s been taunted for “always chickening out” to rake in nearly $50bn in extra customs revenues at little cost, and despite the chaotic headache which the whole ordeal has caused, there’s no doubt this will be a figure he will be proud of!
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