So Trump's tariff eruption has already wiped off in excess of $1trn from global stocks. That could recover of course if this is just bluff. But a couple of things:
(1) the elites aren't going to be happy about this. That's their money he's messing with. I have to imagine that if the consensus becomes that the President is a threat to global stability even the supine GOP might reconsider their unwavering support for him. I would suggest that the odds of impeachment have jumped several percentage points
(2) Trump's zero sum perception of trade and trade deficits would be flawed for any other economy in the world, but it is egregiously wrong for the economy whose currency is also the global reserve currency. Look through out history, global reserve currencies alway leave their economies holding current account deficits. There's a reason for this. How else can foreign entities hold and transact in the global reserve currency if there isn't a surplus distribution of it? The dumbing down of America has always been a danger to global society, but I never thought I would see it in action like this.
(3) Is it possible that Trump is doing this as a distraction? Even writing that question makes me almost dizzy. Wiping off in excess of $1trn as a distraction!! Stunning. But this has always seemed to be his playbook. Playing this same trick to distract from some horrific news that is imminent. If that's the case then there really might be some fire hidden by all this Russia smoke we're seeing, and we're likely to hear something damning from Mueller in the next few days. What else can one think?
This isn't funny anymore. This guy needs to be removed. The parallels to Smoot-Hawley and even the Nixon tariffs are too horrible to consider. It implies an extremely bearish outlook for the global economy if this has any legs. Trade wars aren't easy you utterly retarded asshole. They lead to retaliation and the situation will get out of control in no time at all