President Trump likes to cite the stock market when it’s rising as a sign of his policy success, so what does he think about Monday’s plunge? The Dow Jones Industrial Average took a 650-point header after he announced that he’ll hit Mexico and Canada on Tuesday with 25% tariffs.
Mr. Trump said at the White House there was “no room left” to negotiate with the two American trade treaty partners. Some of his smarter advisers have been hoping he’d start renegotiating the USMCA and delay the tariffs. But Mr. Trump wants tariffs for their own sake, which he says will usher in a new golden age.
We’ve courted Mr. Trump’s ire by calling the Mexico and Canada levies the “dumbest” in history, and we may have understated the point. Mr. Trump is whacking friends, not adversaries. His taxes will hit every cross-border transaction, and the North American vehicle market is so interconnected that some cars cross a border as many as eight times as they’re assembled.
Excellent to see the media is still allowing this guy to say that we had a bad trade deal while ignoring that the bad trade deal he’s talking about is the one he created and signed during his first term.
The best deals.
He’s purposely trying to take money out of Americans pockets. If people are poor and struggling to provide their own basic necessities, how are they supposed to fight back against his fascist regime?
Also how are the tariffs supposed to ”usher in a new golden age” if nobody can afford to buy imported goods?
Got to take everyone’s money to make them desperate enough to go work the fields and replace the lost workforce we are deporting.
Rises in the stock market are caused by Republicans, falls and crashes are always the fault of the Democrats…
Uff people downvoting an obvious ironic remark. I’m worried about the lack of ability to detect irony and sarcasm in comments. To be fair, some people drop this type of comment as a statement, but still…
Maybe the downvoters are Trumpists and don’t like their dumb textbook answers being stolen!
- so far
