‘He’ll End Up Shooting Us In The Foot’: Trump’s $100 Billion Tariff Gamble Is Going To Cost You At The Cash Register
“Habitually. He’s a habitual line stepper.”
“Habitually. He’s a habitual line stepper.”
It’s more likely than not that Trump takes it up another notch, so be prepared.
“But how easy is it really?”
“And, no, he is not playing some kind of clever 5-dimensional chess or 3-dimensional chess that the talking heads were gumming about this AM. He’s not even playing checkers—to say nothing of pick-up-sticks.”
“…there are simply not enough US exports to retaliate against.”
An “immediate, intense” fucking.
“At length, you get Donald Trump instead, and you get his half-baked advisor, Peter Navarro, on bubblevision explaining that protectionism is the new route to free trade.”
“China officially launched its sword in less than 24 hours.”
“But, alas, the ‘foolish or incompetent people’ skewered in the Donald’s 7:22 AM tweet are not some defunct Commerce Department or USTR officials from bygone times.”
This is a real kick in the balls for Trump – and possibly for Chinese consumers, depending on how it pans out.
“You wanna play rough?!”
Ok, the U.S. Trade Representative’s office has published the list of Chinese products that will be subject to U.S. tariffs.Â
For what it’s worth.
Nothing says “innovation” like aggressive protectionism.
So that’s amusing and I’m not entirely sure that’s what Trump had in mind. Or who knows, maybe a “very stable genius” has thought all of this through and talked about it with his best friend Xi who “some people call the king of China.”
“…what more evidence do you need that the financial markets are completely uncoupled from reality and that these feeble bounces between the 50-day and 20-day chart points are essentially the rigor mortis of a dead bull?”
“Usually speaking,” of course.
And hell, can you blame him? After all, if the presidential election were held today, Politico’s polling suggests he’d lose to this “guy”…
U.S. trade policy is “on a troubling path.”
“The global trading system’s newly activated one-man wrecking crew was at it over the weekend.”
For now, the market mood seems to be something akin to “fuck it, we’ll worry about this later”.
Not only were Congress, State, DoD, and Treasury left out of this, even the White House itself outside of Trump, Ross, and Navarro was kept in the dark.
“I just bought this can today.”
“Do not be surprised if a very adverse reaction by financial markets forces the administration to reconsider the tariff proposals.”
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