February 24, 2019

What Trump doesn’t know about his own trade policy can hurt him

http://www.msnbc.com/rachel-maddow-show/what-trump-doesnt-know-about-his-own-trade-policy-can-hurt-him?fbclid=IwAR16-gf-jgoqkscf9hrNuvoAyO2DQ7TMpHBbILTXwhpswWTXK4K12gLLnWc
"Trump is convinced that billions of dollars are flowing into the United States’ coffers from China thanks to his tariffs, but when we include the administration’s farming bailout – aiding farmers hurt by Trump’s tariffs policy – the country is clearly losing money. And while that suggests the White House’s gambit is a counter-productive mistake, that’s only part of the problem. If the president doesn’t accept reality, then he’ll continue to pursue the misguided plan, confident in its success. Indeed, Trump recently boasted, in reference to trade policy, “I understand that issue better than anybody.” He later added, “I know every ingredient. I know every stat. I know it better than anybody knows it.” The president isn’t changing course because he has no idea he’s moving in the wrong direction."