Neil Austen
Gold Member
- Jun 5, 2019
- 340
- 618
- 195
If there’s a recession, Trump deserves it
Trump has rejected mainstream advice on how to address these problems —such as working through the World Trade Organization and banding together with allies — because he and a few sycophants think tariffs are the way to go. He’s wrong about that. Trump’s tariffs are a tax on American business and consumers, and if they hurt the Chinese economy, it’s only after they hurt the U.S. economy first. JP Morgan Chase estimates Trump’s tariffs will cost the average US household $1,000 per year, and more .
Trump has rejected mainstream advice on how to address these problems —such as working through the World Trade Organization and banding together with allies — because he and a few sycophants think tariffs are the way to go. He’s wrong about that. Trump’s tariffs are a tax on American business and consumers, and if they hurt the Chinese economy, it’s only after they hurt the U.S. economy first. JP Morgan Chase estimates Trump’s tariffs will cost the average US household $1,000 per year, and more .