You might think it an Onion headline — but no, it is the capitalists’ paper of record.
The WSJ. And the NYT. Crazy.
Both are reporting that Trump is this morning threatening US automakers, immediately after he personally raised their cost of goods sold by an additional 25%… to NOT pass along the cost increases.
Someone should tell him how Nixon’s wage and price controls worked out. [They didn’t.]
And here’s a novel concept: if as preznit, you don’t want base-model US pickup trucks to cost north of $110,000, at the dealership… ROLL BACK YOUR STUPID A$$ TARIFFS on parts coming across the border from Mexico and Canada.
Damn.
This is simply… a clown show now. And to be clear, the preszit (after Reagan era legislation) is largely forbidden from setting prices (or wages) in any retail US market.
So the US automakers ought to give him exactly what his Nineteenth Century bass-ackwards tariff policies contemplate: ~$110,000 per base model US pickup truck — at the dealership, to Joe Sixpack.
It would be hilarious… if it wasn’t so tragically… sad. He’s a loon.
नमस्ते