Trump Backs Down on Chinese Tariffs

Terry Pierson/SCNG via ZUMA

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This headline probably deserves a Pulitzer prize:

Wiping out America’s soybean farmers? Sure, not a problem. Increasing the price of Christmas gadgets a few percent? No can do.

The political calculation here is pretty transparent. Trump figures that Midwest farmers are going to vote for him no matter what. What’s more, they can be bought off with some targeted subsidies. But suburban soccer moms forced to pay more for their kids’ presents? They were already on the fence and this might push them right over.

Besides, the economy is looking a little iffy these days. A bad holiday selling season is the last thing Trump needs. Once again, it looks like winning trade wars isn’t quite as simple as Trump thought. Who knew?

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IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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