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Showing posts from February, 2025

The Tariff King

We're not even one month into His Orangeness' term and already the trade wars have begun. Trump has managed to alienate our closest neighbors and allies ten days into his administration.  This will not only increase inflation but lead to significantly higher prices at the pump as we get the majority of our imported oil from Canada and Mexico.  Thirty-plus years of a North American Free Trade Agreement, better known as NAFTA, goes down the drain to placate the petty grievances of a deeply addled man, driven by a group of advisors who seem to want to blow up the economy.  Is this what voters wanted when they pulled the lever for his Orangeness in November? You really can't say you didn't see this coming as Trump promised tariffs.  He wanted to be the Tariff King.  He sees it as a way of hard bargaining but you have to have an inordinate amount of leverage to bargain like this.  Given the trade deficits we have with virtually all our major trading partners, I...