Economy

Trump is Launching a Trade War With Our Closest Allies. Tonight.

JM Ashby
Written by JM Ashby

Trump is all set to launch a full-blown trade with China in the coming weeks by imposing tariffs on $50 billion worth of Chinese goods but, before we get there, Trump is igniting a more global trade war with our closest allies.

The Trump regime announced late last night they intend to go ahead with Trump's tariffs on steel and aluminum imports from Mexico, Canada, and the European Union.

Those tariffs were previously delayed and placed on the back-burner, but now they're going to be imposed at midnight tonight.

The EU said it would take immediate steps to retaliate, while Mexico vowed to impose duties on everything from U.S. flat steel to cheese. Canada was expected to respond later Thursday, but said earlier this week it would react “appropriately” to any tariffs. [...]

The EU said on Thursday it will impose retaliatory duties, a measure the bloc earlier indicated would target $3.3 billion in American products from Harley-Davidson Inc. motorcycles to Levi Strauss & Co.’s jeans as well as bourbon whiskey. The bloc also plans to proceed with a case at the World Trade Organization against the U.S. import restrictions.

Mexico is also planning to retaliate against American agriculture by imposing duties on pork, apples, and nuts among other things. That will come in addition to China's retaliatory duties on American pork and apples.

The next big question is where does this stop? Will it stop here, or will Trump pretend he's a victim and retaliate for their retaliation? How far will it escalate?

I don't think it would be an exaggeration to say Trump's actions could ruin family-owned farms for an entire generation if not permanently.

  • We have a [Russian] Manchurian candidate who isn’t even hiding his obvious efforts to destroy the U.S. And rather than defend the country, Republicans are standing back and either applauding as he does it or looking the other way.

  • Aynwrong

    The idea that Trump voters were motivated by “economic anxiety” is a myth. Donald Trump aims to correct this.

  • ninjaf

    He doesn’t get an ego stroke from Merkel and she’s not “grabbable,” so he’s going to punish their carmakers?

    Do you think he realizes that there are Mercedes plants in the US red states?

    • muselet

      Do you think he realizes that there are Mercedes plants in the US red states?

      The short answer is ‘no.’ The long answer is longer.

      –alopecia

      • Nefercat

        “Do you think he realizes that there are Mercedes plants in the US red states?”
        ———————
        No is right. And if he did, he wouldn’t care.

  • muselet

    I don’t often quote Ben Sasse, mostly because I have no use for the man (yeah, yeah, he didn’t endorse Donald Trump for president—big whoop), but I’ll make an exception because he finally said something sensible:

    Republican Senator Ben Sasse, of Nebraska, drew a parallel between Trump’s tariffs and trade protectionism during the Great Depression.

    “This is dumb,” Sasse said in an emailed statement. “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.”

    Adding to the barrage of stupid, the Trump administration is reportedly looking at ways to stop the import of German luxury cars:

    President Donald Trump is hoping to block German luxury carmakers from the U.S. market, according to an exclusive report by German magazine WirtschaftsWoche.

    Citing several unnamed U.S. and European diplomats, the weekly business magazine reported that Trump told French President Emmanuel Macron last month he would maintain his trade policy with the aim of stopping Mercedes-Benz models from driving down Fifth Avenue in New York. The report didn’t give any further details on what policies would be used to effectively ban the premium carmakers.

    [links omitted]

    Government by pique. What could possibly go wrong?

    –alopecia

    • JMAshby

      Some words on the German car ban later.

    • Nefercat

      “you don’t treat allies the same way you treat opponents”
      —————————–
      But they aren’t “our” allies. There is no “our” in trump’s world. There is only trump and if you are not actively praising him (telling him he is the greatest and most powerful and studliest man ever), or begging and pleading with him or frustrated and angry at him (making him feel great and powerful), then you are an enemy.

      He is doing this because he can. He thinks he is showing the entire world who is in charge.

      I really don’t think he can comprehend the existence of other beings who are not him.