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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAmerica's allies are furious about Trump's tariffs, and now an unorthodox idea to go after him
President Donald Trump's headlong push toward a trade war is prompting unprecedented responses from countries around the world and blowback from top US allies.
In the past three months, Trump has hit countries around the world with a 25% tariff on steel and a 10% tariff on aluminum exports to the US. The decision prompted a swift response from US allies, including retaliatory tariffs and a radical departure in treatment from other formerly friendly foreign leaders from Canadian Prime Minister Justin Trudeau to French President Emmanuel Macron.
But so far these responses have done little to deter Trump from moving forward with his trade agenda, prompting the the consideration of an out-of-the-box response for an out-of-the-box president.
Op-eds in The Houston Chronicle and the Canadian news magazine Maclean's suggested the only way to quell the rising trade tensions is to strike at Trump's businesses. While some countries, such as China, have appeared to try and sway the president through treating his family's businesses more favorably, countries have not made moves to curtail the businesses' activity within their borders.
https://www.msn.com/en-us/money/markets/americas-closest-allies-are-furious-about-trumps-tariffs-and-now-an-unorthodox-idea-to-go-after-him-is-gaining-steam/ar-AAz5ChC?li=BBnb7Kz
Trek4Truth
(515 posts)mitch96
(13,924 posts)That would rattle his cage, eh?
m
Thomas Hurt
(13,903 posts)YessirAtsaFact
(2,064 posts)A 100% room tax at all trump branded or affiliated hotels would be a nice start.
yortsed snacilbuper
(7,939 posts)as a pretext to launch their own investigations of Trump's businesses. Other countries could slow approvals for trademarks, licenses, and other business deals, he said.
"I think the most effective avenue might be an attempt to restrict or review financing banks from their countries to his companies, ostensibly because some malfeasance was found," Bruen said. "This would certainly be an unconventional path for countries to pursue. Yet, as leaders continue to search for effective deterrents to a trade war, they may end up resorting to these kind of tactics."
Orsino
(37,428 posts)Don't they realize how many documents and photos Putin could publish if Donald deviates from the plan?
mopinko
(70,198 posts)replacing a progressive income tax w a regressive fixed tax in the form of higher prices for consumers. which, of course, hits the base, but they never connect the dots.
lagomorph777
(30,613 posts)Hurting middle-class and poor people is merely a bonus.
Reducing the deficit is an unintended consequence and will be more than rectified by the economic harm it causes, which in turn will further erode Federal revenue.