It seems the Dear Leader Comrade Donald Jong Trump has bravely vowed to strike back at any country whose leaders have outright objected to his trade war. This definitely targets Germany and Canada, and leaves out China, which was much more restrained in its response to his BS.
People who know something about finance and economics other than how to go bankrupt repeatedly are not happy.
But, of course, Harvard professors are all leftist liberal academic elites, so who in Trumpland cares what they think....
-----
God made me an agnostic — who are you to question His wisdom?
Quote:The country that escaped Trump’s tweeting ire was China, the very nation the president has wanted to hit hardest and the one that is largely responsible for flooding global markets with cheap steel. In return, China, which provides just 2 percent of U.S. steel imports, has been the most muted among leading trading partners in its response to Trump’s tariff threats, calling them misguided but not threatening a response.
...
Still, the tariffs on steel and aluminum Trump unveiled last week are not crafted in a way that would target China, which last year sold $375 billion more goods and services in the United States than what it had ordered, according to the Commerce Department.
People who know something about finance and economics other than how to go bankrupt repeatedly are not happy.
Quote:N. Gregory Mankiw, a Harvard economics professor who was chairman of President George W. Bush’s Council of Economic Advisers [said] “I don’t know any respected economist, conservative or liberal, who thinks this is the right approach to promoting prosperity.”
But, of course, Harvard professors are all leftist liberal academic elites, so who in Trumpland cares what they think....
-----
God made me an agnostic — who are you to question His wisdom?