Trump is still clueless about the costs of his trade war

5/1/19
 
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by Bonnie Kristian,

from The Week,
5/1/19:

President Trump’s trade war has been underway for some time, and by his account we should be winning it any day now.

“When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win,” he tweeted in March of 2018. “Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big.”

“It’s easy!” Trump concluded. Except for all the ways it’s not — ways that are becoming increasingly evident as the promised victory persistently fails to materialize more than a year past the imposition of this administration’s signature steel and aluminum tariffs. Trump’s trade war is only getting worse, and his bizarre economic ignorance is doing real damage to the American economy he claims to protect.

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