there's little known about liberation day deal negotiations
( yes ) the big US-CHINA de-escalation
and the mini US-UK deal
Discussion
if the president pursues other paths to lock in his baseline 10% tariffs
we're the answer
sure, that’s a political shock for some
but ( yes ) it’s a relatively manageable economic shock for many
economies adapt to 10% shocks every year via ( say ) currency fluctuations
and that might explain the relative-ly muted reaction from so many capitals