President* Donald Trump says the U.S. “will simply apply a TAX” on cars made in Europe if the European Union retaliates against the trade penalties he’s seeking on imports of steel and aluminum.If trade wars were such a good idea and "easy to win", as Trump seems to think, then why are they so rare?
The EU is promising retaliation against American exports if Trump follows through — as he says he will next week.
Here’s what the president* is saying on Twitter: “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!”
But don't worry: In a few years, they'll be calling the encampments "Trumpvilles".
Meanwhile, this looks a little suspicious:
Billionaire investor Carl Icahn sold nearly 1 million shares of stock in a company tied to the steel industry leading up to President* Donald Trump’s decision to impose costly tariffs on steel and aluminum imported into the U.S.The SEC will be looking into that any day, now, ya, sure, you betcha.
Icahn also has ties to Trump; he was an unpaid adviser to the president* before resigning last August.
4 comments:
I wonder if he'll take credit for what the stock market is about to do?
Nah, it'll be all Obama's fault.
Of course he'll probably try to tax those Vws, BMWs Fiats, etc built here, eh ?
You have got to admire the clairvoyant abilities of today's CEOs. Who but Icahn could have anticipated a trade war? What a guy!
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