'God King Trump' tariffs, ‘food-price-Eggflation’ and anarcho-capitalism

Vol.2, No.6, March 19, 2025 .. Egg prices have become the latest symbol of economic despair. Wal-Mart sells two and a half dozen eggs for $29!!!

'God King Trump' tariffs, ‘food-price-eggflation’ and anarcho-capitalism

Norris R McDonald, DIJ, CRT, Economic Journalist, Publisher, Author & Poet.

GOD-KING TRUMP’S reckless tariff policies have destroyed the American economy, unleashed anxieties on Wall Street and among consumers and, is creating chaos worldwide.

The Guardian’s Jonathan Freedland didn’t mince words, calling Trump’s tariffs “economic vandalism”.

Wall Street agrees. Over US$5 trillion was shed from panicky stock market investors as anxieties rose. According to CNBC, “This four-week rout on Wall Street is exacerbated by President Donald Trump’s chaotic tariff policy rollout and falling consumer confidence.”

TRADE WARS AND FRACTURED ALLIANCES

Trump’s tariffs mirror the aggressive economic warfare of his first term, slamming China, Canada, and Mexico with punitive levies. These moves, supposedly aimed at protecting American industries, have triggered a wave of retaliatory tariffs and economic upheaval.

The BRICS nations – Brazil, Russia, India, China, and South Africa – have accelerated efforts to break away from US financial dominance. China imposed tariffs of up to 15 per cent on American imports, targeting key agricultural products, while BRICS leaders fast-track alternative trading mechanisms outside the US dollar.

Trump’s trade war isn’t just economic folly – it’s hastening America’s decline as the world’s financial hegemon.

Trump’s tariffs are also shattering alliances with traditional US partners. Canada and Mexico, once hopeful for trade stability under the US-Mexico-Canada Agreement, now scramble to defend their economies from Trump’s reckless trade blunders.

Meanwhile, the European Union openly explores deeper trade partnerships with BRICS nations to counteract US instability.