Trump’s Huge Tariff Hoax
A big lie is at the heart of Trump’s tariffs
Friends,
On Sunday night, the U.S. announced that it is cutting tariffs on Chinese imports from 145 percent to 30 percent, for 90 days, and that China is dropping tariffs on U.S. goods from 125 percent to 10 percent, also for 90 days.
The stock market soared on the news. (Anyone with inside knowledge of the deal made a killing.)
But what’s the ultimate goal here? What will happen over the next 90 days?
It’s impossible to know what’s in Trump’s mind (other than an insatiable thirst for money and power), but Trump trade and manufacturing adviser Peter Navarro says the “bigger picture is restoring the American manufacturing base.”
In 1970, more than a quarter of American workers held jobs in the manufacturing sector. Today, it’s only about 8%. The Trump regime says sweeping tariffs will reverse this decades-long decline.
Friends,
On Sunday night, the U.S. announced that it is cutting tariffs on Chinese imports from 145 percent to 30 percent, for 90 days, and that China is dropping tariffs on U.S. goods from 125 percent to 10 percent, also for 90 days.
The stock market soared on the news. (Anyone with inside knowledge of the deal made a killing.)
But what’s the ultimate goal here? What will happen over the next 90 days?
It’s impossible to know what’s in Trump’s mind (other than an insatiable thirst for money and power), but Trump trade and manufacturing adviser Peter Navarro says the “bigger picture is restoring the American manufacturing base.”
In 1970, more than a quarter of American workers held jobs in the manufacturing sector. Today, it’s only about 8%. The Trump regime says sweeping tariffs will reverse this decades-long decline.
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