Philippine

The truth about the Trump ‘trade deals’

They say three times makes a pattern. So what should we make of the President’s trade agreements, three of which he confirmed this week, as the August 1 deadline for "reciprocal tariffs” looms?  If there remained any confusion about his agenda, he helpfully laid it out in all caps. “I WILL ONLY LOWER TARIFFS IF A COUNTRY AGREES TO OPEN ITS MARKET. IF NOT, MUCH HIGHER TARIFFS!” he wrote on Truth Social. “USA BUSINESSES WILL BOOM!” Given the size of the lettering, and the similarities to the deals secured with Indonesia, the Philippines and Japan this week, we should take Donald Trump at his word on this one. Put simply: so long as other countries cut taxes for their businesses, he will hike taxes on American businesses ever so slightly less.

trump trade

The wars go on

America’s longest war has just entered its 20th year. The US invaded Afghanistan in October 2001 to overthrow the Taliban and destroy al-Qaeda. Now, nearly a decade after the death of Osama bin Laden, the Afghan war continues. And everyone expects that if the Americans ever leave, the Taliban will return to power. Yet the Taliban who take charge will not be the same as those who harbored bin Laden. The median age in Afghanistan is around 19 years old: half the country’s population was born after the war began. The US is not fighting a limited reservoir of Taliban militants; it is fighting a cultural force that has renewed itself over a generation.

wars