The economically illiterate moron madman Malignant Fascist -- seeing the Dow drop 1,300 points in two days since his tariffs on Canada and Mexico were put in place and likely having heard from some billionaire investor cronies -- made an abrupt u-turn:
President Donald Trump’s pause on new tariffs for U.S. automakers drew ire and mockery on social media.
White House press secretary Karoline Leavitt on Wednesday announced a one-month exemption for the industry on imports from Mexico and Canada. It came amid fears the 25% tax hike could totally sink U.S. vehicle manufacturers who for years have relied on cross-border cooperation. A car dealer suggested as much this week on Fox Business, explaining how a truck was now on his lot indefinitely after soaring in price from $80,000 to $100,000. [snip]
Washington Post opinion columnist Catherine Rampell talked about the possible long-term implications of Trump’s moves, writing, “I’m sure the auto industry welcomes this temporary reprieve ― but again, how can businesses possibly make investment/hiring decisions in this environment?”
Conservative attorney George Conway had the proper assessment:
... “What an incredibly incompetent clown. Maybe he should have thought about the (patently obvious) effect of tariffs on the auto industry *before* imposing them? He’s like a monkey on a keyboard.”
No offense to monkeys intended, we're sure.
(Photo illustration: Newsweek/ Getty Images)
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