[Chicks]

Donny is losing his trade war with China

https://finance.yahoo.com/news/trump...203758734.html

For weeks, the Trump administration has been saying trade talks with China are “productive.”

That ruse is over.

Going to be a bumpy week on Wall Street. The moron is off the rails again. Enjoying the ride your Dear Leader is taking us on, Whell? You voted for the idiot...

The problem for Trump is that to punish China, he must punish Americans first. He’s already doing that with the tariffs he imposed last year. Economist have pegged the cost of Trump’s tariffs at $3 billion per month — and those are new taxes paid by Americans, not by foreigners, as Trump keeps mistakenly insisting.

Trump’s tariffs have also led to retaliatory tariffs on U.S. exports to China, Europe, Canada, Mexico and other countries, which are hurting American farmers and some companies. Trump may think the U.S. economy is strong enough to absorb a few billion dollars in tariffs — but that’s not OK with the people bearing the cost, or their political representatives.

Republican Sen. Charles Grassley of Iowa, who chairs the Senate Finance Committee, said recently that Trump must remove all tariffs in order for Congress to ratify the new trade deal Trump negotiated with China and Mexico. Grassley wasn’t addressing China, but the Chinese surely noticed that Trump’s own political party is resisting him on tariffs. Republicans have also introduced legislation that would make it harder to impose tariffs for national-security reasons, a tactic Trump used last year for steel and aluminum imports and has threatened to use for imported automobiles.