All posts by Ryan Bort

A Brief Overview of What Trump’s Tariffs Have Wrought

President Trump and Vice President Pence meet with Harley-Davidson executives and Union Representatives on the South Lawn of the White House.
Jabin Botsford/The Washington Post/Getty

Read Article @ Rolling Stone

The president’s impulsive policy decision is already doing serious damage

President Trump has long felt the United States is getting ripped off when it comes to trade. He’s lamented it at campaign rallies, he’s tweeted about it repeatedly and this year he finally decided to do something about it. It’s a simple fix, Trump reasoned: Just tax the hell out of America’s biggest trade partners. “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,” Trump’s tweeted in March after imposing tariffs on foreign steel and aluminum. “Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!” Continue reading A Brief Overview of What Trump’s Tariffs Have Wrought