Plan of Steel

“When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win.” The markets don’t seem to to like Trump’s steel tariffs. The EU and other allies are threatening retaliation. No one on the president’s team was prepared for the announcement. Academics are bringing up memories of the great depression. But the president says trade wars are good. So I guess we’ll see.

+ Carl Icahn dumped $31.3 million of stock in a company heavily dependent on steel last week. (Wow, that guy can really predict the markets, eh?)

+ Bloomberg: Bud Beer, Kisses, Apple Macs Caught Up in Aluminum Tariff Plan.

+ Confused? Here are some Simpsons GIFs to explain Trump’s announcement about new tariffs.

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