Friday 1 June 2018

Trade War!!

Trade wars are good, and easy to win apparently according to Donald Trump which is good news for him because it seems he is about to get one.
Immediately after the US announced the 25% tariffs on Steel and 10% on Aluminum would be imposed on the EU, Canada and Mexico, all three responded with tariffs of their own on American goods.
China are also placing wide ranging tariffs on American products and in one fell swoop Trump has large swathes of the World lining up to make it almost impossible for America to sell their goods in all the largest markets.
Can't understand Trump's thinking, one American trade group has put a total of half a million American job losses caused by the retaliatory tariffs so not sure this one will be so easy to win after all.
I guess if America is content to let someone who has been made bankrupt five times to run their economy then this is what they can expect from him.
I'm sure it will all turn out okay in the end, not so much for America but don't worry, you only got another two and half years of him and then you can start to rebuild your shattered economy and reputation.

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