Senator Ron Johnson (Q-Moscow) is not very happy with The Orange Felon playing tariff chicken with our neighbors and allies:
But in general, tariffs are a tax of when you tax something to get less of it. So, we'll probably get fewer imports. But then with retaliation, fewer exports. Smoot-Hawley was not a particularly successful round of tariffs. That helped spark the impression. So, I share the market's concern in terms of - but we'll see what we'll see what Trump really has in mind here. I know he used very effectively when remaining Mexico wasn't working until Mexico started cooperating under the threat of tariffs. So again, I can't predict exactly how this comes up, but I'm concerned. Yeah.
It's not surprising that RoJo is not comfortable with the tariffs. He's got stock in a lot of companies that rely on imports and exports, such as Big Oil. Furthermore, his "former" company that he "divested" from - nudge, nudge, wink, wink - does a lot of business with China. And that's not to mention his uber wealthy backers, like the Uilheins. Gotta keep them happy if you know what's good for you.
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