Crazy is, he could have been intelligent about it and put tariffs on say China first and then did trade negotiation’s in backrooms with other nations first to announce further tariffs as trade deals and S&P probably wouldn’t have taken a major hit.
But considering his first term, all his donors got tariff exemptions, I’m willing to bet this is more about extortion and damages his domestic enemies than anything else. It’s a power trip.
1.6k
u/PM_ME_WITH_A_SMILE 8d ago
Crazy how trade wars affect trade