To refer to the Republicans and Democrats as Tweedle dee and Tweedle dum never made much sense. But at this moment when Trump and MAGA sit atop the commanding heights of our political structures it is, well, really dumb.

And to say that both parties were the architects of neoliberalism doesn’t make it any less dumb!

A weakening bond market forces Trump to make a partial retreat in his tariff war! High tariffs on China will continue and much more modest ones on other countries. Trump has demonstrated that he is an unreliable manager of the U.S. and global economy. For the first time, we see some fissures in his political coalition.

Part of the Trump coalition — the non MAGA part — is, not surprisingly, experiencing some buyer’s remorse.