Tag: Insecurity

The Most Comprehensively Destructive President Ever | The Smirking Chimp

Another week, another couple of trade wars — one with India (“The Trump administration announced on Friday that it was stripping India of a special status that exempts billions of dollars of its products from American tariffs; The South Asian country could now move forward with its own tariffs”) and another with Mexico. Of the two, Trump’s muttonheaded decision to disrupt supply chains with our largest trading partner — Mexico — has rattled Wall Street and American companies either already doing business there or were on the precipice of moving their manufacturing from China to our southern “ally.”

Nonplussed Catherine Rampell sputters that “[Trump’s Mexico] decision is so mind-bogglingly stupid, it’s hard to keep track of all the reasons it’s dumb.” She manages to come up with 10 of them, however, from “Americans are paying these tariffs” to “It will also damage our ability to negotiate with China (and the E.U. and Japan) because it proves, once again, that Trump can’t be trusted to keep his word, including in the form of a signed international agreement [Nafta 1.1].”

Trump orchestrated the deaths of his mate Kims advisors and now he’s playing the same game Kim has played with the West all these years. The game of “you can’t trust me even when I do agree” It’s the same game he’s played with banks asking nations to finance him and up their risk not his in unsecured loans to the USA. He’s spending money on weaponising America both internationally and domestically and promoting insecurity of the planet.(ODT)

The Most Comprehensively Destructive President Ever | The Smirking Chimp

What price economic growth?

Not all Australians have benefited from 25 years of economic growth and free market policy, says Leon Moulden.

Source: What price economic growth?