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Fast Walker 52

(7,723 posts)
Mon Apr 3, 2017, 07:29 AM Apr 2017

Krugman explains what an idiot Trump is on trade.

https://www.nytimes.com/2017/04/03/opinion/trump-is-wimping-out-on-trade.html?action=click&pgtype=Homepage&clickSource=story-heading&module=opinion-c-col-left-region&region=opinion-c-col-left-region&WT.nav=opinion-c-col-left-region&_r=0

This surely isn’t what working-class Trump supporters thought they were voting for. So why can Trumpist trade policy be summarized — to quote The Times’s Binyamin Appelbaum — as “talk loudly and carry a small stick”? Let me give two reasons.

First, back when Mr. Trump was railing against trade deals, he had no idea what he was talking about. (I know, you’re shocked to hear that.)

For example, listening to the Tweeter-in-chief, you’d think that Nafta was a big giveaway by the United States, which got nothing in return. In fact, Mexico drastically cut its tariffs on goods imported from the U.S., in return for much smaller cuts on the U.S. side.

Or take Mr. Trump’s repeated claims that China gains a competitive advantage by manipulating its currency. That was true six years ago, but it’s not true now. These days China is actually intervening to keep its currency up, not down.

Talking nonsense about trade didn’t hurt Mr. Trump during the campaign. But now he’s finding out that those grossly unfair trade deals he promised to renegotiate aren’t all that unfair, after all, leaving him with no idea what to do next.
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Krugman explains what an idiot Trump is on trade. (Original Post) Fast Walker 52 Apr 2017 OP
Trump has no ideas on anything domestic or foreign TEB Apr 2017 #1
He has no idea what he's talking about on everything dalton99a Apr 2017 #2

TEB

(12,840 posts)
1. Trump has no ideas on anything domestic or foreign
Mon Apr 3, 2017, 07:47 AM
Apr 2017

We are living this because people bought into his bull. I hope these investigations bring the clown and his whole cabinet down very soon.

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