Trump Is Still Losing His Own Trade War

The president’s tariffs have hiked prices and harmed consumers.

by Veronique de Rugy

Apparently, the United States now has a Lobster King. This great title was bestowed upon the Trump administration’s trade adviser, Peter Navarro, when the president recently threatened to impose tariffs on European Union cars if the bloc does not drop its tariff on American lobsters. Needless to say, the president is upset.

Trade wars are indeed upsetting because they make the price of things consumers want to consume, like cars and lobsters, more expensive. But let’s not forget that President Donald Trump is the one who unilaterally started this trade war back in 2018. He didn’t seem to think imposing high tariffs on others was such a problem when he made Americans pay more for hundreds of billions of dollars of goods imported from China, the E.U., and elsewhere.

Continue Reading at…