On Thursday, Trump announced he would impose tariffs on imported steel and aluminum.
This announcement shocked many companies around the world and many in Trump’s circle warned of a full-fledged trade war.
However, Trump’s response was that he believes that trade wars are “good and easy to win.”
It has now apparent that Trump made the tariff decision on the spur of the moment.
The decision was made “without any internal review by government lawyers or his own staff.” As NBC News pointed out that there were no plans whatsoever on the strategy in any form. They also reported that it was his temper that set him off.
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A trifecta of events had set him off in a way that two officials said they had not seen before: Hope Hicks’ testimony to lawmakers investigating Russia’s interference in the 2016 election, conduct by his embattled attorney generaland the treatment of his son-in-law by his chief of staff.
Trump, the two officials said, was angry and gunning for a fight, and he chose a trade war, spurred on by Commerce Secretary Wilbur Ross and Peter Navarro, the White House director for trade — and against longstanding advice from his economic chair Gary Cohn and Treasury Secretary Steve Mnuchin.
So now we are left with a trade war that was started because Trump couldn’t handle his emotions calm manner.
Below are some reactions:
Donald Trump—a president who launched a trade war because he was in a bad mood, tweets insecure attacks at comedians, believes Barack Obama was born in Kenya, called climate change a Chinese hoax, & lies pathologically—says that the media has gone crazy…https://t.co/CRHTHYXqdD
— Rantt Media (@RanttMedia) March 3, 2018
With the trade war, ur now witnessing why every Trump biz other than the one bankrolled & networked by daddy collapsed.
He acts on impulse. Facts mean nothing. He understands nothing about business or economics, cant read a balance sheet, no US bank will give him a loan.
— Kurt Eichenwald (@kurteichenwald) March 2, 2018
We're seriously living in a time where a president is waging a trade war and tanking the economy because he's unraveling.
— Jared Yates Sexton (@JYSexton) March 3, 2018
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