Reality Show: Trump's Tariff Threats Shake World Trading System

President Donald Trump has turned the world's trading system into a reality show, inviting countries to participate in the extraordinary economy of the United States. In letters sent out on July 7th, Trump proclaimed the US as the number one market in the world and then threatened countries like Japan, South Korea, Indonesia, and Thailand with tariffs set to take effect on August 1st. The tariffs range from 25% for Japan and South Korea to 36% for Thailand.