Tariff Man!
New York Times ridicules Trump for surrendering on tariffs after he boasted trade wars are ‘easy to win’ https://t.co/X6eDXWvSlZ
— Raw Story (@RawStory) December 4, 2018
Causing the stock market to tank with bad tweets is Tariff Man's superpower pic.twitter.com/duvqiKE1SW
— Aaron Rupar (@atrupar) December 4, 2018
Check out how Tariff Man just trashed your 401k pic.twitter.com/HNgDBoxIvQ
— Mark Follman (@markfollman) December 4, 2018
I'm sorry, Mr. President, but you got this wrong. Tariffs are paid by American consumers. They raise the prices of many things we buy. They function exactly like taxes. So you have in effect raised taxes on most Americans. You have made Americans poorer. https://t.co/ZT60nabLTc
— Robert Reich (@RBReich) December 4, 2018
Trade policy was supposed to be Trump's signature issue. But he has never grasped even the basic fact that consumers, not foreigners, pay tariffs 1/ pic.twitter.com/RGUUDE1VBw
— Paul Krugman (@paulkrugman) December 4, 2018
And even if there were a deal on autos, it would cut tariffs for all exporters to China, meaning most of the benefits would not go to the US. This is not optional: Most Favored Nation status is integral to the WTO 3/ https://t.co/Q3XB5K6za1
— Paul Krugman (@paulkrugman) December 4, 2018
Reminder: the “billions” in tariffs is a pittance to the US Treasury but a new tax on American consumers. https://t.co/efRws0umkb
— Glenn Kessler (@GlennKesslerWP) December 4, 2018
Local Tariff Man Still Doesn't Appear To Understand Foreign Countries Don't Pay His Tariffs, Americans Do pic.twitter.com/4SFvd94JgD
— Daniel Dale (@ddale8) December 4, 2018
update 12/4/18
The Dow dropped 800 points today, and investors are racing into the shelter of long-term bonds. Trump's economic illiteracy isn't the only culprit, nor are his trade wars, but both are helping push our economy over the ledge. https://t.co/ZT60nabLTc
— Robert Reich (@RBReich) December 4, 2018
Sad! 