Trump having some hunger pangs mid afternoon, tweets out hey we are going to have a depression era trade war, 1.2 trillion worth.

Trump bets gee no ones alive from the big D anymore so no harm no foul in revisiting what got us there in 1929. A global trade war. But for the don it’s free money, not that Nebraska says it’s cost billions so far, Wisconsin its cost billions and state by state it’s going up. Trump the war monger who’s terrified.



Donald J. Trump
@realDonaldTrump
Over the course of the past two days, the United States and China have held candid and constructive conversations on the status of the trade relationship between both countries. The relationship between President Xi and myself remains a very strong one, and conversations....
3:14 PM · May 10, 2019 · Twitter for iPhone
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Donald J. Trump
@realDonaldTrump
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18h
Replying to
@realDonaldTrump
....into the future will continue. In the meantime, the United States has imposed Tariffs on China, which may or may not be removed depending on what happens with respect to future negotiations!
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Here a little summary before memes from folks way smarter than me, and miles ahead of dumb trump.

U.S. tariffs on more than US$500 billion in goods combined with Chinese levies and restrictions on American imports and investment would hike the total value of the dispute to roughly US$900 billion — a level not seen in generations, said Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics in Washington.

“We have not had a trade war of that size since the Great Depression in the 1930s so this would be historic,” Hufbauer said. “There’s no one alive today who’s seen something like that and it will have serious implications for the global economy.”

Friday’s initial 25 per cent tariff hike will cost the U.S. economy US$29 billion by 2020 or 0.3 per cent of GDP, while the cost to the global economy will surpass US$105 billion, according to Oxford Economics. The U.S. economy will create 200,000 fewer jobs and growth will fall below 2 per cent in 2020.

A further imposition of tariffs on all U.S.-China trade would cut U.S. GDP and global output by 0.5 per cent by 2020.

Added:

By: I could never say cunt (4771.70)

Tags: Trump, tweet, I’m creating a depression, tariffs, lots, it’s going to cost, idiot