#SundayShowdown

THE NEW TALKING POINT:

"This isn't a #TradeWar, it's a #DrugWar."

#Lutnick made this point on #MtP, and then Economic Director #Hasset flat out said it on ABC's #ThisWeek.

They are starting to realize #DonnieDumbass' #tariffs are going to RAISE prices and spike #inflation after running on the promise they would do the opposite, so they are test-flying a new justification for their disastrous #TradePolicy: #Fentanyl (despite how little comes from #Canada.)

Part 2: die Bretter vorm Kopf des Präsidenten der #usa, Donald #trump oder auch: Ich und mein Holz. Holzi, Holzi, Holz

@MoiraEve

#TrumpCoup by the #TrumpMuskDuumvirate
#USpol
#Tariffs #Economics

(1/n)

Exactly. In my view, the reactionary, #Mercantilist 2) #TradePolicy based on insane tariffs, in combination with the gutting of #Federal #US institutions will chiefly lead to two things:

1) US corps, who've become experts at #Shrinkflation, will continue to boost profit margins, despite imported inflation through the global #TradeWar that tRump ignited.

2) This will result in: ...

a) yet another...

Krugman:
It will be a shock.

Now, how they’ll react to that shock, I don’t know.

Trump voters, many of them, really just have no idea.

They’re only now learning,
and some of them still haven’t,
that tariffs are taxes.

They have no idea how much of their food supply comes from immigrants;
-- they have no idea really what Trump is planning to do.

And they probably think that he can, through smart businessmen,
just make prices go back to what they were four years ago,
which is crazy.

But they don’t know that.

Now, whether they will actually blame Trump or manage to somehow say, "George Soros is doing it ..."

If we look at other autocratic regimes,
some of the ones that Trump has admired,
I always find it fascinating that they are far more interventionist
in the sense of trying to order the economy around.

Victor Orbán tried to deal with rising food prices in Hungary by imposing price controls,
leading to a lot of empty supermarket shelves.

There’ll be a lot of scapegoating attempts to make magic solutions,
so it may take a little while before people really realize the extent to which they’ve been had.

#Tariffs #TradePolicy #MultipolarWorld

https://newrepublic.com/article/188346/transcript-paul-krugman-badly-trump-voters-scammed

Krugman:
That’s going to be the case also on my other hobby,
tariffs and trade policy.

Trump and company imagine that America, well,
we’re a superpower,
we can do what we want.

They’re going to be utterly shocked to discover that the European Union is about as big a player in world trade as we are,
that China has ways to retaliate.

There’s a lot of belief that they could just go ahead and impose their will on the world.

The world is a big place and we’re only one piece of it.
#Tariffs #TradePolicy
#MultipolarWorld

Full episode here: https://kont.ly/7d8aaba0

@gimulnautti @thehill

#China #US #TradePolicy

I agree, in principle, but since the principle "change through trade" has not worked out regarding China--at least since President #Xi has been at the helm--and the start of the #EnergyWars, #NationalSecurity aspects should, as in China, have predominance. As #Elmo's #Tesla has shown, modern #EV|s are also 3D surveillance vehicles.
If there is a #NationalSecurity (not #DataPrivacy) for #TikTok to be made, a very rare bipartisan law, def. 4 EVs, 2