Does Donald Trump Know He Has Lost His Trade War?
The U.S. has already lost Donald Trumps trade war. Its now up to the president to decide how disastrous that loss will be.
The best-case scenario for the U.S. economy right now is the Trump administration fully backing down and acknowledging this loss, and quickly. Each day that passes locks in more economic damage.
Like a recalcitrant general, Trump doesnt appear ready to surrender, saying Friday that he wants to reinstate the tariffs he put in place in early April and paused shortly thereafter.
We have, at the same time, 150 countries that want to make a deal, but youre not able to see that many countries, he said Friday in Abu Dhabi. So at a certain point, over the next two to three weeks, I think [Treasury Secretary] Scott [Bessent] and [Commerce Secretary] Howard [Lutnick] will be sending letters out, essentially telling people ― well be very fair ― but well be telling people what theyll be paying to do business in the United States.
https://www.yahoo.com/news/does-donald-trump-know-lost-190544908.html

Silent Type
(9,878 posts)J_William_Ryan
(2,782 posts)he and his Cult members will continue to blindly pursue meritless tariffs ignoring facts and the truth as usual.
Aristus
(70,112 posts)That seems to be his go-to move in these situations.