“Oh no no no I’m a tariff man”
And I think it’s gonna be a long long time
‘Till tariffs come down again
I’m not the man the market thinks I am
Oh no no no I’m a tariff man
– paraphrasing Rocket Man (starts tonight in thearters near your)
Tariff man hit me right in the gut and wallet last night. Then the Warriors lost the first game of the NBA finals. A night ruined.
The problem is the lack of U.S. leadership in dealing with and compensating the losers from free trade (ironically not the losers from protectionism – see $26 billion subsidies to farmers) and has created a vacuum that Trump can fill with his impulses, which, we believe, if not checked will set the world on fire and lead to disaster.
Is It A Bluff?
If Trump bluffing on Mexican tariffs? We don’t know and one would think so if he wants to run on the strong economy and be re-elected. That’s too rational, however.
Source: https://global-macro-monitor.com/2019/05/31/oh-no-no-no-im-a-tariff-man/
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