WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Friday added the 27 countries that make up the European Union to the list of trade partners he’s threatening with tariffs — unless the group takes steps to import more U.S. goods.
“I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas,” Trump posted shortly after 1 a.m. on social media. “Otherwise, it is TARIFFS all the way!!!”
He has found an efficient way to damage every economy and the planet at the same time.
Interestingly enough, his tariffs are slowly expanding to cover everyone that Putin/Russia considers an enemy, and his original plan for major tariffs on China are conveniently no longer mentioned. I’m sure there’s absolutely zero correlation of course.
If we had anymore evidence for Trump’s sphincter hugging Putin’s wrist it would be lost in the mountains of that which already exists.
It’s like looking for a needle in a needlestack.
Any tariffs contribute to inflation, but tariffs on China will do this to the greatest visible degree possible. It’s why he backed down on that.
He is an efficient expert… in demolition. We should make a top 10 list. Including Putin, Bashar-Al-Assad, Musk and others.
Edi: sorry, just realised that Putin and Al-Assad fall in another special category.