Trump tariffs cause global economic turmoil.
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- I've been listening to and reading all sorts of analyses of the Trump tariffs for three days now and it's pretty clear that anyone with any sense of how economics works thinks they're the dumbest thing since way back the last time this country had a Depression. The numbers make no sense.
They're going to hurt a lot of ordinary people and some say that's the point.
They're probably going to make some really rich people richer and some say that's the point.
They're certainly a way for Trump to try to extort concessions from weaker nations to make himself richer and some say that's the point.
Some also say that they will severely weaken America to the benefit of Russia, which has miraculously escaped being on the tariffs list, and some (not nearly enough if you ask me) say that is the primary point and, ever since Trump slumped out of that private meeting with a grinning Vladimir Putin in Helsinki, I agree with this assessment. Trump's in Putin's pocket.
But whatever motivation the experts have attributed to the Trump tariffs, they all seem to be surprised by one thing -- the reaction of other nations.
Airwaves and the Internet have been full of commentary expressing surprise that European nations haven't just rolled over. The European Union, after strongly criticizing the tariffs, immediately began working on countermeasures, "should negotiations not work". France and Germany especially encouraged a strong response.
Across the other ocean, China, Japan and South Korea formed a trade alliance to counter Trump. It takes some doing to get those three together, but Trump managed. China also slapped 34 percent tariffs on all U.S. imports, matching Trump's latest tariffs on Chinese imports.
Maybe it's just me, and I know America's been strutting around like the big gun in town for some time, but this isn't Europe's first rodeo, people. Remember Ancient Greece and Rome? France, Britain, Germany, Spain, Italy, heck Denmark, which told Trump to keep the hell out of Greenland, have all been around a lot longer than the good old USA. They've been through a lot of stuff and figured it out. Centuries of history is on their side.
Which, of course, goes in spades for China and Japan. If those two ancient enemies can figure out a way to work together with the collective centuries of wisdom of the Far East, Trump, the shlump from Queens, hasn't got a chance, whatever the point.
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