On Tuesday, because the good and easy to win trade war has been going so swimmingly, the Russian Usurper announced $200 billion more taxes on Chinese goods.
Guess what happened!
The global markets jumped off a cliff.
China’s Commerce Ministry said it was “shocked” by the action and that China will have “no choice but to take necessary countermeasures.”
The Dow dropped more than 200 points and the S&P 500 fell 0.7 percent.
The European Commission said it was concerned about the immediate economic impact, not just of the tariffs themselves but from a (potential?) collapse of the multilateral trading system that stable genius Comrade Stupid has said that he despises.
The U.S. Senate voted 88-11 in favor of a symbolic resolution criticizing Prznint Stupid’s tariffs. It has no teeth, of course. I’m sure Marco ‘Big Gulp’ Rubio, the Cold Warrior for a New Generation, and beloved grandson figure of Wingnuts over the age of 65 and under the age of death, (probably) snuck in after the vote and signed it after it passed. A real Portrait in Courage that one:
“[Rubio’s] office did not immediately respond when asked if he would have voted in favor of Corker’s proposal had it been introduced as an actual bill instead of a symbolic resolution. “
The farmers of Possum Hollar appear to be getting eff’ed in the dark.
“Since the announcement of the tariffs: we’ve lost 20 percent of our income in soybeans, that’s nationally,” said Bret Davis, an Ohio farmer who also serves as a director of the American Soybean Association.
And so a nation turns its lonely eyes to you, Mr. Comrade Prznint:
…things up, better than ever before, but it can’t go too quickly. I am fighting for a level playing field for our farmers, and will win!
— Donald J. Trump (@realDonaldTrump) July 11, 2018
So ain’t that comforting? Steady as she goes!