But back to Faisal Islam. “President says tariffs will raise ‘trillions and trillions of dollars to reduce our taxes and national debt’… which rather suggests a somewhat universal character to these ‘reciprocal’ tariff”. It also suggests that Trump is more stupid than had previously been thought. Meanwhile, the “tariff” against which Trump was reciprocating had been figured out.
One Tweeter put it directly. “The supposed ‘tariffs charged to the US’ are just the total trade deficit as a % of US imports by country, with a floor of 10%. Just laughably stupid”. So all those countries he has singled out are not necessarily imposing tariffs. Worse, some of those who might have been expected to side with Trump were horrified by the whole exercise.
Like Dan, Dan The Oratory Man, who denounced the move. “The policies just announced are batshit crazy. They will cause a recession. And, when they do, the people who backed them will blame foreigners or globalists or some such, and double down”. Or blame something Joe Biden did or didn’t do. Or Hillary Clinton’s emails. Or perhaps the Fake News Media will have done it.
As for the UK only being hit for 10%, while the EU gets slapped with twice that percentage, Jim Cornelius had a caution. “The reason why Trump's UK tariff is 10% and not like EU's 20% has absolutely NOTHING to do with Keir Starmer being a brilliant negotiator, or Trump loving an invite from the King. It's because we're not as good at selling stuff to the USA as the EU is”.
But they weren’t important enough to tempt any of Reform UK’s MPs, and certainly not self-appointed Oberscheissenführer Nigel “Thirsty” Farage, to turn up to the Commons for a statement on UK-US trade and tariffs. Maybe the great Farage will be able to explain Trump’s reasoning to us all.
Like “the Cook Islands, Vanuatu, and Saint Pierre and Miquelon made it onto [Trump’s] tariff hit list… but [not] Russia". Another Tweeter expanded on that finding: “Neither Russia nor North Korea got even Donald Trump's 10% minimum tariff. But he did tax [two] islands that have only penguins, and another one that contains ONLY a US military base”. Well, well.
And in the wake of the devastating earthquake that hit Myanmar recently, Dara Ó Briain mused “These is something particularly crass and callous about announcing a 44% trade tariff against Myanmar, this week, of all weeks”. Meanwhile, the idea that sanctions mean no US-Russia trade was debunked: the USA imported around $3 billion of Russian goods last year.
This move is down to Trump, and Trump alone. He has not sought the approval of Congress. He will blame others when it fails, as it will with the certainty of night following day. He should not be allowed to get away with any move to deflect or deny: he had ample opportunity to take advice from those who understand these things. He chose not to. His actions are about to screw over the lives of many who were foolish enough to vote for him.
Sadly, many of the rest may also be casualties. Donald Trump is not a serious politician. As Cloughie might have put it, “he’s a clown, young man”.
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