Following the White House announcement of the âLiberation Dayâ tariffs on April 2, the response globally has been overwhelmingly negative, combined with substantial derision. Within the United States, the criticism is also increasingly sharp.
The Economist argued a few days after the Rose Garden presentation that âMarket carnage has gone globalâ, adding, âTrump is probably delighted. A man who loves to be at the center of everything is putting the squeeze on every economy on the planet.â
They also noted how this was a problem that Trump âalone has globalizedâ. And that is how the rest of the world sees it. Many easily intimidated US allies from the Global West and, more understandably, vulnerable jurisdictions from the Global South are too frightened to speak the blunt truth about this brutal exercise of power.
However, China is not. And most fearful jurisdictions, dazzled by the tariff headlights, will be firmly â if mutely â pleased to see that this is so. Beijing responded to the initial massive American bullying exercise by announcing a reciprocal tariff of 84 percent on American imports into China. Trump then launched himself into another wild-eyed tariff orbit, imposing additional tariffs on Chinese imports into the US, raising new tariffs to 125 percent. Beijing swiftly and aptly identified this crude tariff escalation âas a mistake on top of a mistake, which once again exposes the USâ blackmailing natureâ, adding that, while it sought âdialogueâ, it would fight US tariffs âto the endâ.
Apart from putting almost all nations, globally, offside, Trump and the most avid devotees within his inner circle, including White House counselor Peter Navarro and the US secretary of commerce, Howard Lutnick, have also visited grave damage on the short- and long-term stock-based savings plans of millions of people around the globe. It may be that never before (in peacetime) have so many been made so angry by so few.
Predictably, global media outlets have highlighted how Trump happily headed off to play golf once he had triggered worldwide economic mayhem. He followed this up by telling Americans, âDonât be stupid or weakâ, as the tariff turmoil persisted.
Meanwhile, a recent, penetrating report in the US journal Foreign Policy focused on Australia (the USâ closest ally in the Indo-Pacific) emphasized how a local survey confirmed that 60 percent of Australians believe Trumpâs election has been bad for Australia. More Australians now see the American president as a greater threat to world peace than Russiaâs President Vladimir Putin or Chinaâs President Xi Jinping.
Within the US, criticism of Trumpâs tariff âmedicineâ has intensified. Larry Fink, the CEO of the investment giant Blackrock, said that he and other CEOs think the US âis probably in a recessionâ already. Another billionaire fund manager, Bill Ackman, who backed Trumpâs election campaign, claimed: âWe are heading for a self-induced economic nuclear winterâ. Jamie Dimon, chairman and CEO of JPMorgan Chase, argues that the new tariffs will likely fuel inflation. And Elon Musk, who is still a member of Trumpâs inner circle, has openly disparaged Navarroâs economic credentials.
However, some inadvertent humor has materialized within this willful creation of extraordinary, globalized economic turmoil. The Economist noted this in another story titled Five Crazy Trump Tariffs You Wouldnât Believe.
âLiberation Dayâ tariffs were, for example, applied explicitly to two tiny, sparsely populated French islands adjacent to Newfoundland and another two frozen Antarctic islands subject to Australian rule. Penguins and seals populate these latter islands.
The web and social media are now brimming with animated satirical commentary about penguins versus the US. Faced with this mounting ridicule, the US commerce secretary agreed to be interviewed on this topic on CBSâ Face the Nation. Lutnick explained that it was important that there were âno countries left offâ. This was because, unless you closed this loophole, countries like China could export through such âother countriesâ to America. In this interview, Lutnick confirmed that the paramount tariff zealots in the White House (and Trump himself, presumably) get by relying on a kindergarten level of world geographic understanding.
Next is the dangerously simplistic system Washington has used to determine this huge global imposition of new tariffs. Political commentator Fareed Zakaria lately described this calculation method as âcloser to voodoo than economicsâ.
More seriously for the US â and for China â journalist Andrew Tillett, writing in the Australian Financial Review, argued that the âLiberation Dayâ tariffs have just given âChina a free kick to tilt Asia in its favorâ.
Tillett was measurably anxious about how Trump was âsquandering American prestigeâ and how this had empowered Beijing to tell its neighbors in Southeast Asia and the Pacific that âAmerica cannot be relied upon and will treat you badlyâ, noting, implicitly, that Beijingâs stress on Washingtonâs âbullyingâ resonated in Southeast Asia.
It is too early to tell if Trump and his feverish, tariff-devoted cabinet are eventually bound to hole the US below the waterline. But we can see that, to the rest of the world, the US looks increasingly unhinged and a danger to itself and the global community.
Remarkably â or maybe predictably â Washington still prefers to see itself, according to a recent BBC report, as an almost delicate, innocent victim, forced to revert to massive tariffs in order to protect its vaunted virtues.
A rising young Chinese scholar, Mao Keji, recently captured the essence of a central American vulnerability that sharply indicates why we are geopolitically in the extraordinary position outlined above. He quotes a single sentence from the 2008 Chinese multivolume science fiction novel, The Three-Body Problem: âWeakness and ignorance are not barriers to survival, but arrogance isâ.
The author is an adjunct professor in the Faculty of Law, the University of Hong Kong.
The views do not necessarily reflect those of China Daily.
