Trump Started Trade War Because He Was Angry - Page 15

finnbow · #**141** 06-27-2018, 02:45 PM

White House aides say the president feels betrayed by the American manufacturer’s decision to move some production offshore to avoid becoming embroiled in Trump’s trade war with Europe.

His aggrieved tweetstorm — echoed in subsequent comments at the White House — made it clear that he took Harley’s action personally. But the outburst also reflected a president grappling with the effect of policies he expected to produce a more favorable outcome, say trade experts.

Trump’s tariffs on steel and aluminum will cost Harley up to $20 million this year, with European Union retaliation adding perhaps an additional $45 million, the company said...

“It reveals his misunderstanding or lack of knowledge about the way global supply chains work and the way production works,” said Philip Levy, a White House economist in the George W. Bush administration. “There’s no evidence that the president’s very unorthodox approach to trade negotiations is achieving any results — other than more protectionism.”

https://www.washingtonpost.com/busin...158_story.html

It seems the Lying Dotard understands economics about as well as our own resident cultist.

Chicks · #**142** 06-29-2018, 01:16 PM

GM warns U.S. import tariffs could lead to 'smaller' company

IOW, jobs cuts. MAGA! As with everything the Idiot In Chief does, this policy was not though through AT ALL. This is what happens when you despise the real experts, and instead listen to your misguided instincts, which in Donny’s past, resulted in bankruptcy after bankruptcy.

Trying to keep his campaign promises to his moronic base, who understand nothing. Will GM go on his shit-list now, along with HD?

https://finance.yahoo.com/news/gm-wa...174932205.html

Chicks · #**143** 07-01-2018, 08:15 PM

A leaked Trump bill to blow up the WTO

https://www.axios.com/trump-trade-wa...76f4e0f83.html

Axios has obtained a leaked draft of a Trump administration bill — ordered by the president himself — that would declare America’s abandonment of fundamental World Trade Organization rules.

Why it matters: The draft legislation is stunning. The bill essentially provides Trump a license to raise U.S. tariffs at will, without congressional consent and international rules be damned.

donquixote99 · #**144** 07-02-2018, 04:55 AM

The fact that Trump is able to go ahead with his trade war demonstrates that the 'rich' class is not politically able to restrain him.

icenine · #**145** 07-02-2018, 08:27 AM

Remember when Trump promised we would all be tired of "winning?"

bobabode · #**146** 07-02-2018, 01:39 PM

'U.S. Chamber of Commerce makes the case against Trump's tariffs' Axios

https://www.axios.com/us-chamber-of-...2ef8372f7.html

The Chamberpot of Commerce is against Trump?

finnbow · #**147** 07-02-2018, 02:12 PM

Quote:

Originally Posted by bobabode

'U.S. Chamber of Commerce makes the case against Trump's tariffs' Axios

https://www.axios.com/us-chamber-of-...2ef8372f7.html

The Chamberpot of Commerce is against Trump?

As is the Business Roundtable. Basically, anyone who knows anything about trade, economics and foreign policy is against Trump.

donquixote99 · #**148** 07-02-2018, 02:22 PM

The big money people, except for the really politically mobilized ones who are still able to believe it's 'worth it,' are now against Trump. Since the ones against Trump aren't politically mobilized so much, they can't make Trump care.

Chicks · #**149** 07-02-2018, 02:25 PM

I notice our resident Trump zombie has been really quiet in this thread for quite some time. Conflicted?

finnbow · #**150** 07-02-2018, 02:58 PM

Quote:

Originally Posted by Chicks

I notice our resident Trump zombie has been really quiet in this thread for quite some time. Conflicted?

I suppose it's easier to stay quiet than to admit you've been conned by the most dishonest, vile and obvious con-man ever to grace this orb.