If President-elect Donald Trump’s first-term playbook is any guide, his latest threat to slap tariffs on major US trading partners is the start of negotiations rather than the end
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There is already a free-trade agreement with Mexico and Canada, that was signed the last time Trump was in the White House. No negotiations needed, because treaties have the force of law. Or are we just giving up on the rule of law entirely?
It is straight from the term papers of most failed students in economics too. Glad to see what those Wharton degrees are really worth. I guess some might say he’s “successful” but I didn’t know grift was a measure of success in anything that wasn’t criminal.
Deja Vu
“The Smoot-Hawley Tariff Act of 1930 raised U.S. import duties with the goal of protecting American farmers and other industries from foreign competition. The Smoot-Hawley Tariff Act is now widely blamed for worsening the severity of the Great Depression in the U.S. and around the world.”
Remember Trump saying during the campaign that the tariffs would force overseas American business to come back to the US? Ignore for the moment this was never going to happen -- If the goal now is to use the tariffs temporarily for negotiations, the promise will never be fulfilled.
Is there some sort of journalistic blindness in all so-called news outlets? They spent the last 2 years sane washing everything Trump said and now they’re trying to tell us this term won’t be any different than the last? With ONLY greedy billionaires in charge? Talk about blind to the truth!
Not much press re puny amount for PRC compared to our democratic neighbors. But his followers only see a “tough” guy causing chaos. Unfortunately also seems to have taken headlines from ceasefire btw Israel and Hezbollah. I guess that won’t keep him from taking credit later. PT Barnum lives!
@bloomberg.com Already Trump is beginning to sound like the Grandpa that Cried Wolf. If he continues like this, he will have Zero Credibility and no one around the globe will believe him, rendering the U.S. as impotent as he is.
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OMG 😰
“The Smoot-Hawley Tariff Act of 1930 raised U.S. import duties with the goal of protecting American farmers and other industries from foreign competition. The Smoot-Hawley Tariff Act is now widely blamed for worsening the severity of the Great Depression in the U.S. and around the world.”
Even though it sounds good why does NAFTA need renegotiate?
Plus he doubled down with China adding another 10 percent