Monday, August 13, 2018

Trump's 4x4

Don Surber sees the method behind President Trump's trade war.
Most people saw the U.S. trade deficit and assumed we had the poor hand. They assumed we were desperate for a deal.
But President Trump saw the $800 billion-a-year deficit as a bargaining tool, much as he saw his name as a bargaining tool when he went through his first visit to bankruptcy court. World bankers from Frankfurt to Tokyo kept him on because taking his name off his casinos would make them worthless.
So it goes with world trade.

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