The Dumbest Trade War in History Trump will impose 25% tariffs on Canada and Mexico for no good reason.

President Trump will fire his first tariff salvo on Saturday against those notorious American adversaries . . . Mexico and Canada. They’ll get hit with a 25% border tax, while China, a real adversary, will endure 10%. This reminds us of the old Bernard Lewis joke that it’s risky to be America’s enemy but it can be fatal to be its friend.
Leaving China aside, Mr. Trump’s justification for this economic assault on the neighbors makes no sense. White House press secretary Karoline Leavitt says they’ve “enabled illegal drugs to pour into America.” But drugs have flowed into the U.S. for decades, and will continue to do so as long as Americans keep using them. Neither country can stop it.
Drugs may be an excuse since Mr. Trump has made clear he likes tariffs for their own sake. “We don’t need the products that they have,” Mr. Trump said on Thursday. “We have all the oil you need. We have all the trees you need, meaning the lumber.”
Mr. Trump sometimes sounds as if the U.S. shouldn’t import anything at all, that America can be a perfectly closed economy making everything at home. This is called autarky, and it isn’t the world we live in, or one that we should want to live in, as Mr. Trump may soon find out.
***

NOTICE HOW TRUM CHANGED HIS TUNE FROM CHINA PAYS THE TARIFFS TO WE HAVE EVERYTHING WE NEED HERE AND DONT NEED TO IMPORT ANYTHING---WHAT A $%^ MORNON-- DUDE WE NEED TO EXPOST STUFF AND NOW THAT STUFF WILL BE MORE EXPENSIZE BECAUSE OF RETALIATORY TARIFFS.


---------------------------------------------------------------------------------------------------------------------------------------

TRUMP AND REPUBLICAN DAMAGE TO ECONOMY


Trump inherited a booming economy — and handed Biden a nation 'in shambles' https://www.nbcnews.com/business/economy/trump-inherited-booming-economy-handed-biden-nation-shambles-n1255033




Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president. https://www.propublica.org/article/national-debt-trump

The national debt has rose by almost $7.8 trillion during Trump’s time in office

TRUMP HAD THE THIRD-BIGGEST PRIMARY DEFICIT GROWTH, 5.2% OF GDP, BEHIND ONLY GEORGE W. BUSH (11.7%) AND ABRAHAM LINCOLN (9.4%).--All Republicans[

Republican tax cuts are the driving force behind the country’s worsening fiscal outlook.

If not for the Bush tax cuts and their extensions — as well as the Trump tax cuts — revenues would be on track to keep pace with spending indefinitely, Instead, these tax cuts have added $10 trillion to the debt since their enactment and are responsible for 57 percent of the increase in the debt ratio since 2001

https://finance.yahoo.com/news/gop-tax-cuts-driving-us-160437971.html
--------------------------------------------------------------------------------------------------------------------------------------
2018
US farmers letting crops rot as storage costs rise due to China trade war
https://thehill.com/policy/finance/417803-us-farmers-letting-crops-rot-as-storage-costs-rise-due-to-china-trade-war/

---------------------------------------------------------------------------------------------------------------------------------------

2019

Why Trump is bad for business

“What Trump has done to undermine our global leadership in terms of major multinational companies will be hard to undo,” says a former Republican cabinet member. it’s hurting commerce worldwide. Global growth will drop to 3% next year, predicts the International Monetary Fund, the slowest growth since the financial crisis. The No. 1 culprit: “rising trade barriers.”

https://fortune.com/longform/trump-policies-bad-for-business-trade-immigration-taxes-regulations-us-economy/

--------------------------------------------------------------------------------------------------------------------------------------