Trump's tariff rhetoric hasn't fooled voters.
Trump was cheerleading his reckless trade war on Tuesday, one day after a new poll shows his tariffs are widely disliked by voters.
“Tariffs are the greatest! Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs,” Trump tried to explain on Twitter. “It’s as simple as that – and everybody’s talking! Remember, we are the “piggy bank” that’s being robbed. All will be Great!”
But Americans haven’t fallen for Trump’s lines since he initiated a full-on trade war with China this summer.
A new NBC News/WSJ poll shows that by a margin 2-to-1 voters think Trump’s tariff’s will hurt consumers, not protect the U.S. economy.
Trump’s bizarre tariff tweet also comes just as iconic motorcycle manufacturer Harley-Davidson announced it’s cutting its expected profit margin this year by 10 percent in the aftermath of Trump’s onerous trade war.
Last month, the Wisconsin-based company said it was moving some motorcycle production overseas in response to the massive tariffs its bikes are facing from Trump’s trade war.
Trump became furious because the move made him look like a fool after he repeatedly touted Harley-Davidson’s manufacturing success and assured critics his trade war wouldn’t translate into lost U.S. jobs.
But it has.
Over in Missouri, the country’s largest nail manufacturer, Mid-Continent Nail, located in a county that voted 79 percent for Trump in 2016, recently announced that it was shedding hundreds of jobs and will likely have to shut down by Labor Day.
Red state farmers are also being hit hard.
“The U.S. soybean industry’s worst fears are coming to pass today with the implementation of tariffs on Chinese imports,” the Iowa Soybean Association said in a statement this summer. “This aggressive action positions Iowa and America’s soybean farmers directly in the crosshairs of a full-scale, multi-national trade war if China, as it has promised, imposes tariffs on U.S. soybean imports.
American soybean farmers export 60 percent of their crop, about $14 billion annually, to China. That business has now been placed in peril by Trump.
Meanwhile, the auto industry is collectively beseeching Trump not to impose tariffs on imported cars, even though Trump claims the sweeping move would protect the U.S. auto industry.
“Mr. Trump’s threat to slap heavy tariffs on imported cars and auto parts may cost hundreds of thousands of American jobs and raise the cost of your next vehicle by roughly 10 percent,” CBS News reports.
Trump’s trade spin is completely disconnected from the realities of his decisions, and Americans aren’t buying it.
Published with permission on The American Independent.