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The US puts up the barriers to Chinese products
The Roman Emperor Caligula is said to have arrayed his army to fight the English Channel, and then declared victory over the sea. One explanation for this puzzling event is that he was simply insane. Another is that he understood the value of a successful campaign for a leader’s prestige, and in the absence of any genuine military achievements he decided to invent one. It is a trick that remains effective today. A series of steep tariff increases was announced by President Joe Biden last week, targeting imports of strategically significant products from China. The White House said the tariffs, including new rates ... (full story)