America's closest allies are furious about Trump's tariffs, and now an unorthodox idea to go after him is gaining steam
S E E D E D C O N T E N T
- Top US allies like Canada and France are irked by President Donald Trump's tariffs.
- Some are suggesting they retaliate by targeting Trump's businesses.
- Experts say this would be difficult but not impossible to pull off.
President Donald Trump's headlong push toward a trade war is prompting unprecedented responses from countries around the world and blowback from top US allies.
In the past three months, Trump has hit countries around the world with a 25% tariff on steel and a 10% tariff on aluminum exports to the US. The decision prompted a swift response from US allies, including retaliatory tariffs and a radical departure in treatment from other formerly friendly foreign leaders — from Canadian Prime Minister Justin Trudeau to French President Emmanuel Macron .
But so far these responses have done little to deter Trump from moving forward with his trade agenda, prompting the the consideration of an out-of-the-box response for an out-of-the-box president.
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I would love to see Trump go to war with the rest of the world on a personal basis related to his company. But not while he is president of the United States.
By the way,
Will the United States win its trade war with the rest of the world? Maybe, but there will be collateral damage in the meantime:
“We didn’t see this coming,” says Skarich, echoing the words of farmers losing sales to Mexico, people in Kentucky losing access to Obamacare, working-class white folks losing their food stamps, and Harley -Davidson, which is moving some of its production offshore thanks to retaliation against Trump’s steel tariffs. And that’s just the start.
Targeting isn't easy. China can do it fairly easily because the government can intervene in any company. Not so simple for the others.
It's not like trump actually makes any products like steel or nails. His companies are hotels, real estate, stuff like that. How will he personally be hurt by a trade war?
As the old saying goes, "Where the is a will there is a way", and China is good at finding ways, as are as other countries that hod sway over business in their own way. Plus the fact, that " The US debt to China is $1.19 trillion as of March 2018." Source:
Plus, they don't necessarily have to go after Trump himself to hurt him, they can go after his kid's businesses as well.
So, it seems that Trump is risking a bigger war than he is too ignorant to avoid.
He has lots of signature products such as fragrances and spring water. Lets not forget the MAGA hats (made in China) either. The countries who produce this crap should tariff the hell out of anything trade marked Trump.
Forgot about those hats...and the other cheap commodities with his name all over them. I heard this morning that Mattis is going to China to get Xi Pin to put pressure on North Korea. The irony in my opinion is that the trade war is heating up with China but trump wants them to do something for him so he doesn't look bad
I wonder where MAGA baseball caps are made...
China.
Missouri being my home state is taking a pretty good smack. Poplar Bluff is really on edge. If Mid Continent closes it doors Poplar Bluff is in trouble, they are the life blood of Poplar Bluff.
Earlier this year, January I believe, Harley Davidson announced it was closing it KC plant. Around 800 jobs gone. And the farmers, yes we do grow soybeans aren't real happy at the moment.
Although some jobs will be created with the tariff in the steel industry, they will be far out numbered by the job losses of other companies that are dependent on steel and aluminum such as Mid Continent.