The True Story Behind The Trump Tariffs
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The true story behind the Trump tariffs will blow your mind. You may or may not know that the key economic advisor behind the tariffs is one Peter Navarro. Donald Trump originally came across Navarro thanks to son in law Jared Kushner. Apparently, he did an Amazon search for books on economics and found one with the catchy title – The Coming China Wars by Peter Navarro. In that book Navarro references repeatedly an economist named Ron Varo to bolster his economic theories about the effectiveness of tariffs. It turns out that Ron Varo does not actually exist and is an anagram of Navarro’s own name. The dishonesty of these right wing extremists around Donald Trump is gobsmacking.
with thanks to Michael West Media for this pearl of wisdom.
Peter Navarro & The Trump Tariffs
So, it turns out that the US tariffs policies that have already burnt financial markets to the tune of $11 trillion have been cooked up by a crackpot liar with next to zero expertise in economics on this scale. The Trump regime is full of these loony tunes nutjobs filling cabinet and advisory positions. The world’s biggest economy is in the hands of fools and fanatics. Even the DOGE chainsaw guy, Elon Musk, is abusing Navarro as a moron for his tariff policies.
“Elon Musk on Tuesday launched a blistering social media tirade against White House trade adviser Peter Navarro, calling him “a moron” over comments made about Tesla’s manufacturing practices, an extraordinary public display of hostility from one top administration adviser against another.”
Fights between the most hated oligarch in the world and Trump’s top economic advisor would not fill the global business world with confidence. China has just been whacked with tariffs now totalling 104%. I feel sorry for the folk who have to keep adjusting the prices in all the stores around America – it is a constantly changing task.
“China was already set to see tariffs increase by 34 per cent on Wednesday as part of Trump’s “reciprocal” tariffs package. But the president tacked on another 50 per cent after Beijing didn’t back off its promise to impose 34 per cent retaliatory tariffs on US goods by noon Tuesday, adding an additional 84 per cent in duties.”
Trump Tariffs Tanking The Economy
You can see how this enormous level of uncertainty is going to crash the economy sooner rather than later. Americans only have themselves to blame, of course. The rest of us have far greater justification for despising Trump and his circus show of extremists and whackos. Bring back sleepy Joe Biden and get a few adults back in the White House. Spineless GOP congressmen and women continue to be missing in action or inaction. Apparently, Margerie Taylor Greene has been buying up big on US Treasury bonds, which indicates inside information about where the economy is heading.
“Representative Marjorie Taylor Greene (R-Ga.), a close ally of President Donald Trump, invested as much as $750,000 in U.S. Treasury bonds from mid- to late March, according to transaction disclosures reviewed by Sludge. “
The true story behind the Trump tariffs was accompanied by insights into the US bond market. Guess who owns the largest chunk of them? Yes, China has been lending billions to the US government for years. If they were to sell off their Treasury bonds, and they might already be doing this because interest rates are more likely to be going up at the moment, then, the US economy could soon be in the toilet. Everything is in a fine balance and not like the picture Donald Trump paints. World trade requires goodwill and not the stupid posturing of Trump. How long do you think Trump will last if the whole global economy comes crashing down? People will be lining up to take him out – to take the trash out.
The Emperor’s Got No Clothes On!
It is a salient lesson to realise that no matter the illusion of importance and status you get fools in positions of power too. Posturing idiots can pop up pretending to be experts, especially around conmen like Donald Trump. Liars and grifters are susceptible to other liars and cheats. Ron Varo is determining American global economic policy and Ron Varo doesn’t even exist!
“In the wake of Trump 2.0 and the growing realisation that America is completely on the wrong track or, indeed, coming off the rails, do we need to de-Americanise Australia? Take a moment to consider how far down this Americanised route Australia has already travelled. In this Neoliberal Era, in which we live, it is big business running the show and Corporate Australia has imported most of their ideas and ways of doing things from the Yanks. “
Robert Sudha Hamilton is the author of America Matters: Pre-apocalyptic Posts & Essays in the Shadow of Trump.
©MidasWord
