And there's a somewhat brighter side to this stupidity:
Trump's Tariffs Dim the Prospects for Trump's Wall
President Donald Trump still wants to build a wall along the southern border with Mexico. At times, he’s nearly taken a first step toward that goal, most recently during bipartisan negotiations over immigration. Democrats in Congress offered to fund a border wall in exchange for protections for immigrants living in the U.S., but the deal collapsed without the president’s support.
On Thursday, Trump shocked the world by unilaterally announcing tariffs on steel and aluminum. In the name of national security—authorized by a Cold War power known as Section 232—Trump declared his plans to impose a 25 percent tariff on steel and a 10 percent tariff on aluminum. If he proceeds, these tariffs will rewrite commodities markets, drive up prices for steel importers, and shake up an already stirred White House economics team.
Another one of many wide-reaching changes: Trump may have just put his own wall out of reach.
The president’s protectionist instinct runs counter to the facts on the ground—or rather, the facts in the ground. The U.S. doesn’t produce steel at the price necessary to build a massive wall spanning thousands of miles at an affordable cost.
https://www.citylab.com/equity/2018/03/trumps-tariffs-dim-the-prospects-for-trumps-wall/554735/
Two wrongs made a right. Sort of.
Trump's Tariffs Dim the Prospects for Trump's Wall
President Donald Trump still wants to build a wall along the southern border with Mexico. At times, he’s nearly taken a first step toward that goal, most recently during bipartisan negotiations over immigration. Democrats in Congress offered to fund a border wall in exchange for protections for immigrants living in the U.S., but the deal collapsed without the president’s support.
On Thursday, Trump shocked the world by unilaterally announcing tariffs on steel and aluminum. In the name of national security—authorized by a Cold War power known as Section 232—Trump declared his plans to impose a 25 percent tariff on steel and a 10 percent tariff on aluminum. If he proceeds, these tariffs will rewrite commodities markets, drive up prices for steel importers, and shake up an already stirred White House economics team.
Another one of many wide-reaching changes: Trump may have just put his own wall out of reach.
The president’s protectionist instinct runs counter to the facts on the ground—or rather, the facts in the ground. The U.S. doesn’t produce steel at the price necessary to build a massive wall spanning thousands of miles at an affordable cost.
https://www.citylab.com/equity/2018/03/trumps-tariffs-dim-the-prospects-for-trumps-wall/554735/
Two wrongs made a right. Sort of.
