Trump plays the trade war like it's 1812

Trump is losing his trade war and what’s worse is that he’s clueless about the reason for the losing. The prevailing truth is that stupidity has given way to irrationality. “The truth, however, is that there has seldom been clearer proof that Trump is in fact the world’s worst negotiator. And the price Americans are…

Trump in a Panic on All Fronts

Trump has been counting on four things to get him re-elected: The economy Winning the trade war he started with China Building the wall he promised his base Russian hacking and GOP voter suppression Right now he's panicking on all 4. The economy is heading toward a recession. Trump and his echo chamber are denying…

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…

North Dakota farmer: Trump 'took away all of our markets'

As the trade war limps along exactly as you’d expect a policy launched by a failed casino owner would, real people are taking it on the chin. One of those folks is a farmer from a reliably red state that voted for Trump by a more than 2-to-1 margin. Yahoo! Finance: “This trade thing is what’s…

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,…

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…

Wall Street analysts: Trump's Mexico tariffs will undermine China trade negotiations

Trump’s decision to slap new tariffs on Mexico until Mexico stops airdropping Mexicans onto American strawberry fields and dairy farms will have serious unintended consequences, according to several Wall Street analysts. That is, it’s made the entire world aware of something bankers, building contractors, and Trump University graduates have known for years or even decades: Donald…

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…