OPINION: Trump’s Unusually Bad Economic Decision

By Nick Baum

Thursday

Today, President Donald Trump defied lots of international backlash and responses to deliver a recent set of tariffs on imported steel and aluminum. The tariffs, are to take effect as soon as possible, and Trump views the already occurring trade war as “good”, because for some reason, rising prices based on meaningless taxes is now “good”.

It wouldn’t be everyday where I hate a Trump decision, let alone an economic one, but Trump’s very controversial decision has crossed the line from “Trump controversial” to “Actually just stupid”.

He’s delivered tariffs on the two products, thinking that workers in the field will have a fairer chance. While this is true, and that promise will be determined, the cons outnumber the pros. Donald Trump’s chief economic advisor Gary Cohn resigned amid the new tariff plan, the Stock Market dived well down, and the European Union is already planning to launch tariffs of it’s own. Maybe next time, Trump needs to play it safe and learn from the history books, tariffs never work.

Sources: The New York Times, CNN, The Weekly Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s