Advertisements
Markets politics trade Trump

Like ‘Trump Steaks’ And ‘Trump U’, ‘Trump Tariffs’ Are ‘The Greatest’ And Will Bankrupt Anyone Who Touches Them

Dear, America: In case it isn't clear enough yet, "it" is not "as simple as that."

I’m not sure if you’re aware of this or not, but Donald Trump’s trade war is not getting the best reviews.

In fact, “Trump Tariffs” are leaving a worse taste in everyone’s mouth than “Trump Steaks“. Trump-o-nomics 101 is the biggest ripoff since that real estate course you took at “Trump U.

The entire world is aghast at Trump’s efforts to rollback decades of globalization on the way to taking US protectionism up to levels last seen in the mid- 1970s.

Tariffs

Let me just reiterate: Outside of Peter Navarro and Wilbur Ross, you’d be (extremely) hard pressed to find anyone with anything good to say about Trump’s protectionist policies.

Here’s a list of countries, companies, associations and people who have variously voiced concerns about Trump’s tariffs:

That list is by no means exhaustive.

But one person who thinks Trump’s tariffs are “the greatest” is, unsurprisingly, Trump. Here’s what the President said on Tuesday morning as he prepares to meet with European Commission President Jean-Claude Juncker this week in Washington:

Dear, America: In case it isn’t clear enough yet, “it” is not “as simple as that.”

Just ask Ken Maschhoff, chairman of Maschhoff Family Foods and co-owner of the nation’s largest family-owned pork producer, who told CNBC the following earlier this month with respect to the impact retaliatory tariffs from China are likely to have on his business:

We put a halt on all investment, not just because we will be losing money, but because we don’t know if growing in the U.S. is the right move if we won’t be an exporting country.

[The farm industry has been] asked to be good patriots. We have been. But I don’t want to be the patriot who dies at the end of the war. If we go out of business, it’s tough to look at my kids and the 550 farm families that look us into the eye and our 1,400 employees.

And if you don’t believe Ken, ask South Dakota soybean farmer Kevin Scott (a Trump voter, by the way) who told the New York Times the following about trade:

I would like to tell the president, ‘Man, you are messing up our market,’. [Changing Nafta] gives us a lot of heartburn in farm country [and] if we lose those Chinese and Mexican markets, it will be hard to get them back.

I guess Ken and Kevin are spending too much time farming and not enough time paying attention to Trump’s Twitter feed, because if they were wasting time on social media like the President, they’d know that “tariffs are the greatest!”

It might be time for Ken and Kevin to think about getting on board with candidates that back the kind of policies advocated by Alexandria Ocasio-Cortez, because they’re going to need those social safety nets after Donald Trump’s “greatest tariffs!” put America’s farmers clean out of business – just like “Trump Steaks” and “Trump U.”

 

Advertisements

3 comments on “Like ‘Trump Steaks’ And ‘Trump U’, ‘Trump Tariffs’ Are ‘The Greatest’ And Will Bankrupt Anyone Who Touches Them

  1. Error404

    “Outside of Peter Navarro and Wilbur Ross, you’d be (extremely) hard pressed to find anyone with anything good to say about Trump’s protectionist policies.”

    Well, there’s UK Leader of the Opposition Corbyn out just this morning extolling the virtues of protectionism. MUGA!!!

  2. tambatheman

    There’s also the leader of the Resistance Chuck Schumer who thinks tariffs are the greatest idea, since i don’t know… Hillary for President. But apart from these ones you’d truly be hard pressed to find anyone else. Except for Trump voters who also think it’s fantastic. Basically half of the electorate think it’s just grand.

  3. I imagine you could convince most Americans that tariffs are good insofar as the rest of the world ought to pay some sort of tribute for the privilege of accessing American markets.

Speak On It

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Skip to toolbar