Friday, May 31, 2019

Trump Threatens Tariffs On Mexico


Extremely Stable Genius Donald "Not Exonerated" Trump once again takes dead aim at his foot:
Trump announced Thursday his intentions to levy 5 percent tariffs on Mexican imports starting June 10, penance for what he sees as a failure to stop the flow of Central American migrants through the southern border. With every month that passes without action from Mexico, the tariff would jump in 5 percent increments until they hit 25 percent on Oct. 1, according to a White House statement. They’d stay at that threshold until Mexico substantially stops the inflow of illegal immigration, the statement said.
Needless to say this has some otherwise compliant and complicit Republicans howling about the harm this would do to the farmers in their states.  But it would also gravely impact the auto and other manufacturing industries and derail Trump's own tweaked version of NAFTA, the USMCA.  And the US and European stock markets and business community reacted negatively to the news that, once again, the Extremely Stable Genius was playing chicken with the world economy.

Well, as they say, when you elect a clown, expect a circus.

BONUS: 




BONUS II:  And dolts like this are standing with him even at the expense of their livelihood.  Clearly, it's not a case of "economic anxiety."

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