Those of you who have a toddler in the house, let me ask you a question: Do you allow your toddler to iron the laundry? No, of course you don’t for he/she would likely get the creases crooked in the pants, and then what would you look like in that next business meeting? Do you allow your toddler to load the dishes into the dishwasher? Why no, silly, for half would be turned the wrong way and never get clean! And would you allow your toddler to cook your supper? Heh heh heh … only if you like your food to come on a stick! There are good reasons that you don’t have your little one iron, clean, or cook, and the main one of those reasons is that he has no idea what he is doing when it comes to those things. Well, guess what? The ‘man’ sitting on his oversized patootie in the Oval Office is no better than your toddler in that he has no clue what he is doing.I can tell you what he is doing … he is destroying. He is on a course to destroy the environment, society, and most recently, the economy. Yes, that economy that he has wrongfully taken credit for, that economy that he inherited from the previous administration, that economy that has been, all things considered, pretty darned good. But, not satisfied with that, he has now begun a trade war, not with our enemies … oh no, to our enemies he is most generous … but he is determined to go to war with our friends!!!
From The Washington Post, 31 May 2018
“President Trump campaigned on going hard after China for ripping off the United States on trade. Yet a year and a half into his presidency, Trump has put more tariffs on longtime U.S. allies than he has on China, his supposed “bad guy” on trade. The Trump administration announced new tariffs Thursday on the European Union, Canada and Mexico.”
Trump has been playing some game that only he understands, threatening the tariffs, then promising exemptions, then threatening again. But alas, yesterday he decided the tariffs would go into effect at midnight last night. If any of you republicans think this is a cheer-worthy move, think again. This was a foolish, foolish move for two major reasons.
First, Canada, Mexico and the European Union (EU) are our allies, our friends, the countries we count on to help in times of trouble, just as we expect to help them when needed. Friends do not treat friends this way, and the backlash is justified and expected.
The Mexican government said it would target U.S. exports of pork bellies, apples, cranberries, grapes, certain cheeses and various types of steel. Canada said it would slap dollar-for-dollar tariffs on a range of U.S. products, including whiskey and orange juice. And the European Union indicated it would levy taxes on about $7 billion worth of U.S. exports, including bourbon, Harley-Davidson motorcycles and jeans.
Reactions from our allies:
French President Emmanuel Macron called Mr Trump to tell him the tariffs were “illegal”. Mr Trump told Mr Macron there was a need for the US to “rebalance trade” with the EU.
UK International Trade Secretary Liam Fox said the 25% levy on steel was “patently absurd”, adding: “It would be a great pity if we ended up in a tit-for-tat trade dispute with our closest allies.”
Gareth Stace, head of trade body UK Steel, said the tariffs were “no way to treat your friend” and called on the government to safeguard the industry’s 31,000 jobs.
Justin Trudeau, the Canadian Prime Minister, said the US move was “totally unacceptable” and rejected the claim that his country posed a national security threat to America.
The White House received a significant amount of domestic flak, too. Both the steel industry and steelworkers’ unions decried the tariffs. Other manufacturers were no less concerned: One study suggests that the tariffs could kill up to 40,000 jobs in the automobile industry alone. One of Trump’s own, republican Senator Ben Sasse said …
“This is dumb. Europe, Canada, and Mexico are not China, and you don’t treat allies the same way you treat opponents. We’ve been down this road before — blanket protectionism is a big part of why America had a Great Depression. ‘Make America Great Again’ shouldn’t mean ‘Make America 1929 Again.’”
And Financial Times journalist Ed Luce had this to say …
“Launching a simultaneous trade war against America’s allies and adversaries conforms to no known international rules of logic. It will raise domestic prices, cut U.S. jobs and reduce America’s global influence.”
Even chief bootlicker Paul Ryan was not happy, saying the move “targets America’s allies when we should be working with them to address the unfair trading practices of countries like China”.
The second reason this is a fool’s errand, of course, is that it is a move almost certain to create economic instability both in the U.S. and across the globe. Remember that extra $5 – $6 dollars the ‘tax cut’ bill gained you on your paycheck? You will soon be spending all of that and more just to buy the same amount of food and other goods that you bought a year ago. Prices will rise, and when some cannot afford the higher prices, buying will slow, and when buying slows, manufacturers will cut jobs. That, of course, is an over-simplified explanation, but you get the idea.
Trump’s stance against globalism is ridiculous, for today’s world is a global world. Nations must engage in global trade in order to bolster their economies, and in global cooperation in order to ensure their security. It is no longer the world it was pre-WWII, but Donald Trump has no knowledge, no experience, and no willingness to listen to the experts, so he does not understand international relations or economics any better than your three-year-old understands how to iron the clothes. The difference is that your toddler will someday learn … Donald Trump will not.