As his many bankruptcies will attest to his stunning economic acumenâŠ
Donnie is a stable economic genius, I guessâŠ
Donnie is going to win the battle for most âwarsâ ever lost by a sitting President in the shortest period of time.
WASHINGTON (AP) â President Donald Trump on Friday insisted âtrade wars are good, and easy to win,â
<img src="/uploads/default/original/3X/1/c/1cfd5f37a3b90a0f2ece5160b5120b56a3f2dc1a.png" width="216" height="216">
Trump met with more than a dozen executives, including representatives from U.S. Steel Corp., Arcelor Mittal, Nucor, JW Aluminum and Century Aluminum. The industry leaders urged Trump to act, saying they had been unfairly hurt by a glut of imports.
All one sided, nothing about the consumers of steel and aluminum.
The number of people in the entire country favoring these tariffs would fit in a small college football stadium.
Trumpâs tariff war nudges Gary Cohn toward White House exit
The presidentâs top economic adviser lost a battle to prevent the imposition of steep tariffs pushed by protectionist advisers.
By BEN WHITE AND ANDREW RESTUCCIA 3/2/18, 8:26 AM CET Updated 3/2/18, 9:26 AM CET
Gary Cohn, President Donald Trumpâs top economic adviser, has been rumored to be on the brink of leaving the White House for months but stayed for one main reason: to stop the president from imposing steep tariffs.
By Thursday afternoon, Cohn had lost the fight.
In a meeting with steel industry executives, Trump announced plans for a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports.
The decision came after a frantic 24 hours in which Cohn and others tried to talk Trump off the ledge. At one point, aides were sure Trump would make the announcement. Then they said he wouldnât. Finally, sitting alongside steel executives, he did.
The Dow promptly tanked over 500 points, and Cohnâs allies began wondering if this would be the final insult sending the director of the National Economic Council to the exit.
https://www.politico.eu/article/trumps-gary-cohn-tariff-war-nudges-toward-white-house-exit/
Trade Wars Are Good, And Easy To Winâ
China: We couldnt agree more
Damn, by the time this moron gets done with his imaginary view of his world,
Water will be $10.00 a gallon.
ÂŻ\ _ (ă)_/ÂŻ
We warned you, middle America.
ÂŻ\ _ (ă)_/ÂŻ
We told you this man is a complete fucking ignoramus.
ÂŻ\ _ (ă)_/ÂŻ
We told you that running a business (badly) is nothing like running a country.
ÂŻ\ _ (ă)_/ÂŻ
He later tweeted: âOur steel industry is in bad shape. IF YOU DONâT HAVE STEEL, YOU DONâT HAVE A COUNTRY!â
A Newsweek investigation has found that in at least two of Trumpâs last three construction projects, Trump opted to purchase his steel and aluminum from Chinese manufacturers rather than United States corporations based in states like Pennsylvania, Ohio, Michigan and Wisconsin.
n the Dow just dropped 300 pointsâŠ
anyhow, Barronâs weighs in and this is a relevant song
well, he is âthe king of debtâ.
The gaping stupidity is beyond description. Iâm literally running out of wordsâŠ
Lets see last time we tried this stunt in the 90s, 26,000 jobs were lost and consumer prices rose trying to figure whop is winning here.
Didnât Shrub try it in 2002 or so? Lost jobs and contributed to the economic downturn then, too.
and a reminder from the Dutch ambassador
âWars are easy to win, add more tariffs and take away their guns.â
DT has debunked that theory. He has proven beyond doubt that he is eminently qualified to run both very badly.
Why Are U.S. Steel Imports Spiking This Year?
Because of protectionist fears.
So.Much.Winning.
DJI is already down 350 pts this morning, after the last two days of plunge.
yup
But the imposition of tariffs set off a chain reaction. The European Union responded with tariffs of its own and a number of countries disputed the tariffs at the World Trade Organization. Less than a year after the announced tariffs, the WTO ultimately ruled that the U.S. had violated international trade agreements by imposing the tariffs, opening the door for sanctions and retaliation.