John Chuckman

COMMENT POSTED TO AN ARTICLE IN CBC NEWS

 

“Trump announces new 10% tariff on another $300B worth of Chinese goods

“Announcement of new tariff starting Sept. 1 sends stocks tumbling”

 

The latest figures show American Net Exports in a serious decline.

That’s the lovely job-creating effects of Trump and his” maximum pressure” tactics in the world.

And of course, his every supporter is paying those tariffs with every visit to Walmart and Costco.

And the stock market is very unhappy.

And desperately, interest rates are being dropped again.

America is literally walking blindly into disaster with this bully who understands nothing about economics or trade.

Or diplomacy.

But you see the blinding effects of American exceptionalism here, on Trump and his supporters. “But we are the best. We must be doing better. Our flag-hugging leader says we are.”

Those are the sounds as America heads for the dumpster and trails much of the world along behind it.