Exclusive: Trump overrules cabinet, plots global trade war

[highplainsdem]

Source: Axios

With the political world distracted by President Trump's media wars, one of the most consequential and contentious internal debates of his presidency unfolded during a tense meeting Monday in the Roosevelt Room of the White House, administration sources tell Axios.

-snip-

With more than 20 top officials present, including Trump and Vice President Pence, the president and a small band of America First advisers made it clear they're hell-bent on imposing tariffs — potentially in the 20% range — on steel, and likely other imports.

The penalties could eventually extend to other imports. Among those that may be considered: aluminum, semiconductors, paper, and appliances like washing machines.

One official estimated the sentiment in the room as 22 against and 3 in favor — but since one of the three is named Donald Trump, it was case closed.

-snip-

Read more: https://www.axios.com/exclusive-trump-plots-trade-wars-2450764900.html

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The article goes on to say that the trade war plan is "pushed by Commerce Secretary Wilbur Ross, and backed by chief strategist Steve Bannon (not present at the meeting), trade policy director Peter Navarro and senior policy adviser Stephen Miller."

[ck4829]

1. We need to take advantage of this. Work on elections, yes, but this 'admin' keeps showing just how

wobbly it is.

http://www.aeinstein.org/wp-content/uploads/2013/09/FDTD.pdf

[procon]

2. Geniuses.

They are so brilliant, I'm just flabbergasted that no one has thought of this plan before now.

[cstanleytech]

3. I think I would rather have Homer Simpson in office right about now. nt

[Bernardo de La Paz]

4. Trump slump coming. The Great Depression was greatly deepened by a global trade war.

A stock market bubble was turned into a deep and long lasting depression by global trade barriers rising.

This time around, the rest of the world is making trade agreements and going around the US. It may have a near depression or Great Recession II while the rest of the world has a mild recession.

[kimbutgar]

5. The stock market was off yesterday

The economic indicatirs are starting to show the chump slump. I suspect foreign investors are starting to quietly sell their American stocks and pulling orders from manufacturers. By th end of summer things are going to be ugly in the US at the pace the insane man is on. The trade wars are going to hit those red states more than blue ones. Maybe this will break the support of his cult members.

[Demsrule86]

7. I said that weeks ago when autos slumped...always a leading indicator of recession...been in

autos as a "GM" wife for years...it is always the same.

[Demsrule86]

6. I don't think it is quite that simple...but if he does this...Trump will likely win the rust belt

again... and dumping needs to stop. I don't know that just imposing tariffs will work.

[jmowreader]

8. Who were the three?

Let me guess...Donald Trump, Ivanka Trump and Jared Kushner.

[Old Vet]

9. Thinking of those three myself after reading article........