Our Embarrassing President: Trump Escalates Trade War, Threatens European Carmakers
Ugh. This embarrassing fool in the White House is now wrecking the trade agreements and partnerships and understandings that have helped international trade work relatively smoothly for many years, and ginning up a moronic trade war for no good reason at all except that he’s an idiot.
I repeat, ugh.
President Trump on Saturday threatened to hammer European automotive companies with steep tariffs as his global trade war snowballed into a third day.
Trump, in a series of Twitter posts while at his Mar-a-Lago resort in Florida, appeared to be responding to warnings from European leaders that his promised tariffs on aluminum and steel would trigger retaliation from numerous major U.S. trading partners.
Bring it on, Trump wrote.
If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax on their Cars which freely pour into the U.S. They make it impossible for our cars (and more) to sell there. Big trade imbalance!