Thursday, April 5, 2018

Trump initiates and escalates a trade war

Our president, who seems to be willfully ignorant of the history of the link between protectionism, tariffs, and trade wars as triggers to the Great Depression, has decided to escalate the trade war he started by imposing more tariffs on China.

One of the terrible problems with a grandiose ego is that it is a bottomless pit that can never be filled.  I am sure that this little man can only see retaliatory tariffs imposed by China as some sort of challenge to his manhood, so he is compelled to escalate – playing a game of chicken – with the U.S. and world economy.



When he imposes tariffs on goods coming into the country, that is just a tax on those goods that we consumers pay for.  Republicans are so proud of their disastrous tax cut, and then their fearless leader adds taxes to goods in the form of tariffs.



Plus, of course, the tit for tat tariffs being placed by China on our exports will shrink those exports and hurt those industries – mostly those in the areas of the country that voted for Trump.


But, the Trumpster cult will support anything this guy does.  ???? 



Just another day in Trumpland.