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June 13, 2018

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Or Chamberlain

Trump actually believes that the US can win any trade war, so why not? What he doesn't seem to understand is that the world has changed a whole lot in the last seven or so decades and the US economy is nowhere near as dominant as it was before WWII.

In brief, his America Alone policy is pure bunk. 70 to 80 percent of products sold by Walmart are made in China. That isn't just baubles and geegaws. Real American consumer goods are made in China. Trump thinks he can stop Chinese production by throwing huge tariffs on Chinese imports.

In reality, what Trump will do is levy another tax on the American middle class. Another tax that will hardly be noticed by the top one percent of the top one percent who already are benefitting by Spanky's tax law.

Of course he doesn't. That would require at least a passing acquaintance with American history. Or maybe he does, but he might be hazy between Herbert and J. Edgar. "Were they brothers?"

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