America’s President is getting more lost in his battles. He has announced a 125% tariff on goods from China. He clearly did not heed the warning I made yesterday in Trump’s Stumbling Sums.
He has announced a 90 day pause on the imposition of tariffs world wide, with the exception of China.
Meanwhile President Ji of China sits back quietly smiling, in that inscrutable manner of those who think before they act, recognising that to increase tariffs hurts the home market not the foreign one.
For those companies in the US who rely on Chinese components for their manufactures, such companies as Apple for instance, the obvious choice is to transfer their manufactory to China.
But President Trump is caught in a public personality battle in which he refuses to lose face in front of the Chinese. He didn’t seem to learn anything from his encounter with the Ukranian President when he embarrassed himself on the public stage by employing his naive Vice President in accusations of failing to say thank you. Like that is a matter of international import. It was, but not for the reasons the Americans thought.
I am saddened to see a potentially great nation brought to its knees through folly.
