#trumpswar #TariffsPause
A few days ago, Donald Trump launched his global tariff war, which he pompously dubbed "the day of liberation." It took less than 24 hours for stock markets around the world to crash. In the following days, many governments, investors, and large global companies aired their grievances, predicting the end of the global order and a regression to the 19th century before the first globalization.
Weeks earlier, the same president had dusted off the Foreign Enemies Act of 1798 to declare the Venezuelan gang Tren de Aragua a terrorist group and deport its alleged members to Cecot, a maximum-security prison in El Salvador. Many have linked the antiquated law to the era of forced detentions of Japanese Americans during World War II, even though there is no declared war as there was then, and the gang's threat to national security is merely political propaganda. This time, the reaction came from a lower court where a federal judge ordered a halt to deportation flights. The Supreme Court responded that Trump could resume deportations, but with a procedural ruling that leaves the possibility open for further challenges.