U.S. Steel laying off hundreds of workers in Michigan

Donald Trump likes to pretend that the American steel industry is one of the few domestic industries that hasn’t been vigorously wedgied by his tariff regime.  Not only has he claimed his tariffs have singlehandedly revived the industry … x In one year Tariffs have rebuilt our Steel Industry – it is booming! We placed a…

'He's rattled': Paranoid Trump broods about possible recession

You can tell when Donald Trump is upset about something — his lies and non sequiturs become far more feral, frequent, and surreal. Meanwhile, we all sit back and observe with a mixture of contempt, amusement, and horror — like watching a chimpanzee in a room with several boxes scattered around try to get the banana…

Farmers confront Trump's ag secretary: 'We are not doing great again'

Apparently, the metric shit-ton of manure Donald Trump spread over the Midwest while running for president has not materially improved the outlook for the region’s farmers.  They’re worried, anxious, and increasingly pissed off, as Trump’s agriculture secretary, Sonny Perdue, learned today during a panel discussion at a fair in rural Minnesota. And, more and more,…

Trump admits trade war could drag on past 2020 election

Donald Trump said today that he believes China may seek to delay trade negotiations until after the 2020 election in the hope that the country could negotiate with another president a sane person. Reuters: “I don’t think personally China would sign a deal if I had a 2% chance of losing the election,” Trump told reporters…

Trump tariffs 'could result in a Bible shortage'

Well, that’s karma — or whatever the Christian equivalent of karma is. Eternal perdition? Because that’s what they’ve given us … So now this is happening: Because they elected Donald Trump, white evangelical Christians could soon be facing a severe Bible shortage.  Trump is still threatening a 25 percent tariff on $300 billion of Chinese goods,…

Trump fumes over lack of recognition for his imaginary accomplishments

Donald Trump played the New York media like a fiddle for decades, even successfully masquerading as his own PR flack on several occasions. So he probably thought it would be just as easy to fool the national media after he entered politics. But it’s been a much choppier ride than he expected, and there simply aren’t…

Polls say Michigan voters hate Trump's trade policies … a lot

Winning Michigan is vital to Donald Trump’s hopes in 2020. In fact, the Midwest as a whole is key to his reelection strategy. So it’s notable that his quixotic, high-profile tariffs have been a gut-punch to farmers and autoworkers in Michigan and across the region. We often assume members of Trump’s base are too thick…

Trump's farm “subsidy” scam may not work so well this time.

So, daddy’s widdle man whipped out his wallet, pulled out daddy’s credit card, and treated his farmer buddies to another free lunch today, huh? Before Trump waddled out to the podium to peddle his latest bottle of snake oil, he had his Agriculture Suckretary, Sonny Perdue sunburn his bald pate in fatuously explaining how the…

Besides Trump's Tariffs, Overproduction Is Hurting Farmers.

There is so little good information about what is going on with farmers, especially in KY, if you are not plugged into a rural community that is (I’m a city boy in Louisville).  But I came upon this report that came out before the Chinese trade talks tanked.  Why this report by WKU and NPR…

Tariff increases could cost U.S. households up to $800 on average

Donald Trump is fond of saying we lose billions of dollars to China each year because of our trade deficit with the country — a deficit that has (erp!) somehow hit a record high under Trump’s watch.  Of course, that’s a little like saying my trade deficit with Trader Joe’s is unsustainable, so I’m gonna stop…

Dow futures plunge after Trump threatens more tariffs

Donald Trump, write this 100 times on your left moob: China does not pay our tariffs. China does not pay our tariffs. China does not pay our tariffs. x ….of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have…

Dow drops nearly 800 points after Trump calls himself 'Tariff Man'

Early this morning, Donald Trump tweeted some homespun wisdom: The negotiations with China have already started. Unless extended, they will end 90 days from the date of our wonderful and very warm dinner with President Xi in Argentina. Bob Lighthizer will be working closely with Steve Mnuchin, Larry Kudlow, Wilbur Ross and Peter Navarro….. —…

China gives preliminary approval to 16 Ivanka Trump trademarks

Openly. Corrupt. From The Washington Post: Ivanka Trump-branded semiconductors and voting machines? In China? That’s an odd, if remote, possibility after Chinese trademark regulators awarded preliminary approval for 16 trademark applications from the president’s daughter and White House senior adviser, online Chinese government filings show. The approvals by Beijing on Oct. 13 were notable for…

Ford loses $1 billion due to Trump's idiotic tariffs, plans layoffs

Donald Trump is illiterate in nearly every conceivable way, and economics is no exception. If you wanted to enact a policy that nearly every credible economist in the world thinks is a bad idea, your choices basically boil down to starting a trade war with the whole world and defaulting on our debt payments. Donald…

Trump Throws A Tantrum About China Trade.

Trump is threating China with more tariffs, according to Bloomberg News.  Essentially, Trump would place tariffs on ALL Chinese goods. Trump said Friday he’s willing to slap tariffs on an additional $267 billion in Chinese goods, on top of duties of $200 billion in imports is already considering. The administration will act on the $200…

Trump Is Still Screwing Up Trade.

While we are focused on government-sponsored child abuse, Hurricane Maria’s death toll in Puerto Rico, Mueller’s Russia Investigation, and the deaths of Senator John McCain and Aretha Franklin, looks like Trump thinks he can slap another $200 billion in tariffs on China next week, according to Bloomberg that is.  I suspect this may be true…

China warns Trump's trade war could permanently harm American farmers

This is what happens when you get into a perpetual nut-kicking contest with everyone on the planet. Every other country gets to take a shot on goal eventually, while you’re stuck playing defense. Unfortunately, Donald Trump has no appreciation for the vulnerable spot he’s put us in. For all the attention he’s suddenly paid to the rest…

Too Bad Trump's Tariffs Did Not Come Sooner.

You know that Trump voting farmers were mule headed, and I think the economic pain from Trump’s trade war needed to happen sooner to dappen the enthusiasm for Trump on the farm. President Donald Trump’s trade disputes with China, Mexico and Canada are already eroding the value of American agricultural production, with soybean growers alone…

Republican Congressman Barr of KY Hopes for “The Art of The Deal” with Tariffs.

The Financial Times has this article about the bourbon industry in Kentucky and Trump’s trade war with the rest of the world.  And Kentucky Republicans, especially Congressman Barr from the 6th Congressional District, needs some drug testing: Mr. Barr, who has lobbied everyone from Steve Mnuchin, Treasury Secretary, to Mike Pence, the vice-president, hopes that there…