emptywheel:
It's a testament to the limited outcome of Chinese trade talks that Trump will stomp over Bessent's announcement of it tomorrow w/his unlawful effort to lower drug prices.
But this statement is ... interesting.
"Emergency over!!"
https://www.wsj.com/politics/policy/us-china-tariffs-trade-talks-switzerland-a3171637
WSJ:
Faced with pressure to undo the damage Trump did, Jamieson Greer has decided that the emergency no longer exists.
This may create the same legal problem for Trump his side hustle with Paul Weiss did, in which Trump said, "They've paid me now, the security risk they present is over."
The Paul, Weiss settlement has been key in the lawsuits from Perkins Coie, etc, bc they prove the arbitrary nature of Trump's orders, which is sole basis to do this.
The same may happen with tariffs more generally.
And all the while we’ve proved to China and the world that we can be rolled like a cheap drunk. SO MUCH WINNING!🏆
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