We did talk (in Iteration 1.0, at great length) about what a stupid, discredited, self-defeating 19th Century idea Tangerine’s tariff policies represent. There was a reason he ended them in a matter of months: US consumers saw that they were paying for his tariffs, in higher prices on lots of goods. [B2B noticed too.]
But this time around, the goof has targeted a much wider array of goods and industrial categories, in Mexico, China and Canada.
And he has signaled that if any of the three impose reciprocal tariffs on US goods — he will escalate. As we saw last time, that is simply mutually-assured self destruction, on various economic fronts. In a word, what a… putz.
Here’s just one MSM report — as Tangerine 2.0 walks us all to the cliff’s edge — with no discernible policy goal (of any kind, logically related to the tariffs) in mind, let alone well-communicated. [To blame our domestic street drugs problem on Canada is probably the most laughable lie he’s ever told.]
…Among the common Mexican imports that will now get pricier to bring into the country: fruits, vegetables, beer, liquor and electronics. And from Canada: potatoes, grains, lumber and steel….
D A M N A T I O N.
The man is a walking… talking… economics disaster, on the hoof.
Minor Update: the WSJ opinion pages quite agree with us — even down to articulating the same rationale for calling this the dumbest US economic policy move, in history. Yes, that is the capitalists’ paper of record. Onward.
नमस्ते
Powerline Lies... 