Trump’s Economic Ignorance on Tariffs

Another week, another bumbling trade declaration from President Donald Trump. After a very confrontational G-7 meeting, he threatened to cut all member countries—Canada, France, Germany, Italy, Japan, and the United Kingdom—off from the U.S. market if they don’t reduce their tariffs on American exports. He told the press, “It’s going to stop, or we’ll stop trading with them.”
As a reminder, this whole drama started when President Trump imposed stiff steel and aluminum tariffs on everyone, including our closest trading partners, friends, and security allies. Adding insult to injury, he argued that imports from these friendly countries are a security threat to the United States, even though the Department of Defense said they are not.
After a short period during which he seemed willing to grant these allies an exemption from the import taxes, Trump suddenly announced that he would not only go ahead with the imposition of the tariffs but double

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