Are US taxpayers ready to pay additional billions of dollars for another Trump creation? POTUS will spend $12 billion to assist farmers hurt by his tariffs.
Trouble ahead and tariffs in line as they tear into our economic behind. While POTUS tries to tamp down growing criticism of his own ineffective trade policies by blaming someone else. This time it is not Obama or the Democrats. He blames China.
Trump accuses China of using 'vicious' trade tactics https://www.apnews.com/147487e8da0b461398f7516843871d38
Trump plans to use US taxpayer dollars to solve a problem he created to buy crops from US farmers who are hurting by his tariffs http://hill.cm/Nsz9epS
Trump meets with European officials on trade while boasting his own favoritism toward tariffs as both a negotiating tactic and punishment. He Tweeted “tariffs are the greatest!” and the #USA is “the piggy bank” of the world. It looks like US taxpayers are Trump's piggy bank. $30M for his parade, $70M on Trump golf. $70M for Trump vacations. $233M by separating immigrants who committed a misdemeanor, $12B for tariff bailouts, and don't forget that Mexico is NOT paying $70B for his wall.
European Commission President Jean-Claude Juncker and President Trump will discuss the steel and aluminum tariffs imposed on the European Union. In retaliation, the European Union placed its own tariffs on American goods. EU trade chief: We’re preparing to impose massive tariffs on US goods in response to Trump http://hill.cm/ZtL7H0U
Economists say that Trump’s tariff fights with Europe, as well as China, may lead to trade wars that could raise prices and hurt not only the US but also consumers worldwide.
Meanwhile, he keeps threatening to increase tariffs. Trump says he's prepared to slap tariffs on all $500B in Chinese imports to U.S. https://usat.ly/2LydiQK
An escalating trade war and steep tariffs on steel and aluminum are putting pressure on earnings for automakers, prompting some to dim their earnings outlook: Tariffs force automakers to dim earnings outlook https://www.apnews.com/45b09f9d3f5e423a8286554b03358cfa
