Trump Started Trade War Because He Was Angry

[finnbow]

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.