Griff Jenkins this morning reports on Trump’s twitter tirade last night against Canada’s Prime Minister, saying that it appears Trump is escalating the start of a trade war.
Watch:
Yeah I don’t get it. Trump is upset that Trudeau is responding to heavy US tariffs with tariffs of his own? Isn’t this what we said would happen?
And now Trump is egging the trade war on. Looks like he’s getting exactly what he wanted. Winning!
Look I’ve never liked Trudeau or his weird eyebrows, but who (besides the administration) can blame him for imposing these retaliatory tariffs?
And it’ll be us, the consumer, that ends up paying for all of this. Ugh.
Here are Trump’s tweets from last night:
Fair Trade is now to be called Fool Trade if it is not Reciprocal. According to a Canada release, they make almost 100 Billion Dollars in Trade with U.S. (guess they were bragging and got caught!). Minimum is 17B. Tax Dairy from us at 270%. Then Justin acts hurt when called out!
— Donald J. Trump (@realDonaldTrump) June 11, 2018
Why should I, as President of the United States, allow countries to continue to make Massive Trade Surpluses, as they have for decades, while our Farmers, Workers & Taxpayers have such a big and unfair price to pay? Not fair to the PEOPLE of America! $800 Billion Trade Deficit...
— Donald J. Trump (@realDonaldTrump) June 11, 2018
....And add to that the fact that the U.S. pays close to the entire cost of NATO-protecting many of these same countries that rip us off on Trade (they pay only a fraction of the cost-and laugh!). The European Union had a $151 Billion Surplus-should pay much more for Military!
— Donald J. Trump (@realDonaldTrump) June 11, 2018
....Germany pays 1% (slowly) of GDP towards NATO, while we pay 4% of a MUCH larger GDP. Does anybody believe that makes sense? We protect Europe (which is good) at great financial loss, and then get unfairly clobbered on Trade. Change is coming!
— Donald J. Trump (@realDonaldTrump) June 11, 2018