Anti-tax crusader Grover Norquist, the founder and president of Americans for Tax Reform, said on Friday that “tariffs are taxes” … “They’re taxes on American consumers and producers who use imported products. We need to get those tariffs down as quickly as we can.” Grover Norquist urges Trump to get rid of trade tariffs, calling them taxes on … Read more
The failure of the U.S.-China trade talks was another blow for American farmers, who just a few weeks ago thought a trade deal was imminent. They now begin another growing season with uncertainty about who will buy their crops and whether they can break even. Frustration Mounts Among Farmers as China Trade Talks Break Down: … Read more
Donald Trump sold two lies to his simpleton MAGA supporters: that “I am the greatest deal negotiator” — a self-manufactured myth blown up this week in Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses — and that “trade wars are easy to win.” The self-described “Tariff Man” has failed again … Read more
Unless there’s a breakthrough in the U.S.-China trade talks before midnight tonight, U.S. tariffs on $200 billion in Chinese imports are about to rise from 10% to 25% — an escalation of Trump’s trade war that could hurt major importers and trigger even more painful retaliation by China. China’s Commerce Ministry said in a statement … Read more
Washington Post cartoonist Tom Toles recently did a post he titled “It’s Back to The Future with Trump’s 2020 campaign.” Actually, I think the more accurate movie analogy for Trump and his MAGA supporters is the political allegory Pleasantville (1998). As Roger Ebert described it: The movie opens in today’s America, which we have been taught … Read more