Trump Good At Wrecking Finances

If Trump proved anything over the years it's he is really good at wrecking finances (not just his own). So far he has taken a whack at the finances of Cuba, Venezuela, China, North Korea, Iran (and any country importing their oil), Zimbabwe, Turkey, even the European Union and now Mexico. The New York Times (05/31/2019)-- Mexico, China, Japan, Europe, Canada: The White House’s various conflicts add up to a broad assault on a postwar effort to build economic ties around the world.

When he's not sanctioning some country's economy he's imposing nearly crippling federal sales taxes on their goods through tariffs American consumers will be forced to pay. The worse part is nearly everyone of these we have trade deals with. Trump is now breaking our word and reputation right along with it. Even if he were to leave office in 2020 these other countries can see how mightily things can change when a United States president doesn't respect our country's prior commitments. This is damage that can not be undone.

I agree it's not entirely a bad idea to enact a national sales tax on imported goods at some level. However this should be done carefully in concert with congress, the state department and within the confines of carefully crafted trade agreements. That's not what is happening here. Trump has gone rambo without a thought or care as to the long term consequences. The United States can't simply slap the rest of the world around and not expect a price to be paid.

If these tariffs are allowed to continue willy-nilly our economy will likely tank as products become a lot more expensive and harder to find. We're already $20+ trillion in debt. Who do you think would loan us more money to bail ourselves out after we stuck it to them?

Somehow somebody better reign in this bully pretty damn quick or we're headed for a world of hurt. In the past we've been able to bounce back because of our hard work and other countries willingness and desire to buy our products. Not this time if they're too broke or unite against us carving out deals among themselves leaving us the odd man out.

Trump time after time exhibits the kind of behavior which he believes greatness can only be achieved at the expense of others. Now he's trying to do it with the United States. Wait till you see how that works out if his BS is allowed to continue unchecked. As far as I'm concerned the captain is taking down the ship and other nations may be less then willing to rescue us when he does. If I had to put a time frame on this it would be before the end of the year (probably sooner).