Friday, October 26, 2018

When the WSJ has to keep correcting Trump... would think that at some point, Murdoch would tell his editors to start softening their support for him.  Latest example:
“We don’t have tariffs anywhere,” President Trump said in a recent interview with The Wall Street Journal. In fact, his administration this year has placed levies on more than $300 billion in imports.
Mr. Trump said he views tariffs as a trade negotiating tactic. “We don’t even have tariffs,” he said in the interview. “I’m using tariffs to negotiate. I mean, other than some tariffs on steel—which is actually small, what do we have? ... Where do we have tariffs? We don’t have tariffs anywhere.”
He was right when he asserted in the interview that not all tariffs threatened in trade negotiations have been imposed, such as tariffs on car imports.
And yet, so far this year, the U.S. has acted on threats to impose tariffs -- ranging from 10% to 50% -- on several classes of products. Here’s a list of the tariffs that have been put into place.
I strongly suspect that there are few businessmen who genuinely think Trump knows what he is doing, or understands anything properly.   It's just that they find him a useful idiot to get some of what they want by working on the people around him.

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