As we are slowly moving towards autumn and hopefully to the seasonal end-of-the-year uptick in air cargo, the world is also beginning to feel the negative effects of the mind-boggling
tariff wars initiated by an increasingly erratic and unpredictable U.S. president.
It looks like one doesn't need too much imagination to predict that these utterly dumb and irresponsible tariff attacks - designed to Make America Great Again - will not only create global economic chaos but also, as a consequence, affect the traditional global flows of goods towards the end of this year, and thereafter.
More troubling, as some commentators have been pointing out, is that the U.S. tariff attacks appear to be just a side show of a much wider effort by the Trump administration to contain China's economic (and military) expansion, notably in Asia but also in other parts of the world where China seems to be succeeding at America’s expense.
A recent commentary in China's People's Daily noted: "A review of the trade negotiations with the U.S. shows the American government has been inconsistent, ambivalent and capricious. The behind-the-scenes logic is pretty clear - it is never just about narrowing trade deficits, but to contain China in much broader areas."
In other words, the logistic and economic chaos, the potential harm to several, currently, healthy industries, plus rising costs for consumers, notably in the U.S. and mainland China, will be the result of a decision by a moron, whose inner circle of goons is currently being indicted or about to be sent to prison. "Make America Great Again" is just a fallacy, which may come to an end if the mid-term elections in November hopefully bring some sanity back in America's electorate.
Despite all these worrying developments, we again have a wide selection of funny, weird and stupid items in this month's edition of Punch Bag. So sit back and relax and enjoy this new edition of Punch Bag.
Nol van Fenema