Does Trump Even Understand How Tariffs Work?
It’s unclear what the president wants to accomplish with his trade war.
This weekend, President Donald Trump announced a major economic deal with Beijing. “China has agreed to reduce and remove tariffs on cars,” he wrote on Twitter. “Farmers will be a a very BIG and FAST beneficiary of our deal with China. They intend to start purchasing agricultural product immediately,” he added. “Farmers, I LOVE YOU!”
A few days later, Trump flip-flopped. “We are either going to have a REAL DEAL with China, or no deal at all—at which point we will be charging major Tariffs,” he. “If a fair deal is able to be made with China, one that does all of the many things we know must be finally done, I will happily sign. Let the .”
