Trump doesn’t seem to know why he launched a giant trade war
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Donald Trump just imposed a 25 percent tariff on virtually all goods produced by America’s two largest trading partners — Canada and Mexico. He simultaneously established a 20 percent across-the-board tariff on Chinese goods.
As a result, America’s average tariff level is now higher than at any time since the 1940s.
Meanwhile, China and Canada immediately retaliated against Trump’s duties, with the former imposing a 15 percent tariff on American agricultural products and the latter putting a 25 percent tariff on $30 billion of US goods. Mexico has vowed to mount retaliatory tariffs of its own.
This trade war could have far-reaching consequences. Trump’s tariffs have already triggered a stock market sell-off and cooling of manufacturing activity. And economists have estimated that the trade policy will cost the typical US household more than $1,200 a year, as the prices of myriad goods rise.
All this raises the question: Why has the US president chosen to upend trade relations on the North American continent? The stakes of this question are high, since it could determine how long Trump’s massive tariffs remain in effect. Unfortunately, the president himself does not seem to know the answer.
In recent weeks, Trump has provided five different — and contradictory — justifications for his tariffs on Mexico and Canada...
...more in the article.
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W [email protected] shared this topic
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Apparently It's supposed to get rid of the browns and the gays and the women and everyone else until it's just a bunch of old white men sitting around, counting money, and masturbating to AI porn? Kind of like a hateful gross version of Scrooge McDuck.
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Putin said: "go forth and break shit" and here we are.
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Spooge McFuck
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Scrooge McDuck was also pretty awful. They had to invent a nemesis for him just to make him not seem so bad by comparison.
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All this raises the question: Why has the US president chosen to upend trade relations on the North American continent?
It's because the trade agreement trump's unhappy with was made by a raging moron.
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And economists have estimated that the trade policy will cost the typical US household more than $1,200 a year
Remember this, when you hear about tax cuts for the wealthy.
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Hope that's sarcasm because the USMCA was signed and implemented by Trump
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Because his only job now is to sign any papers handed to him by his posse of self enriching gremlins. He doesn't need anyone's vote anymore, he doesn't need anyone's money (except if it starts with a B) and doesn't care anymore because he will likely die in office. If he signs horrible shit billionaires around him want, then he gets to coast as president, no thinking involved. This is what he is doing.
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For everyone else following along, the USMCA that was put in place after Trump renegotiated NAFTA in his first term… was made by Trump. So he’s unhappy with his own legacy. Which seems on brand for him, tbh.
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Donald is in indentured servitude after all. Gnarly man.
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OP made a factual statement.
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Hahah agreed
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It seems to be working, I signed my ticket out of here. I'm a brown and queer woman. Just need to survive until immigration goes through.
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Market manipulation .... upset the system .. make it dive ... buy cheap ... sell them high
Keep doing this for the next four years until you become king of the world!
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The same moron who sunk casinos somehow
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Funny, isn't that the exact amount of the stimulus checks he handed out during his first presidency?
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That is... less than I'd have guessed.
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Playing stupid games.
