To the unlettered, Donald Trump’s trade war with China doesn’t seem to fit the technical definition of “winning.” The average consumer will pay an extra $800 this year due to his import taxes on everything from shoes to televisions. And a spooked Wall Street is trading like it hasn’t stopped binging on cocaine and hookers since New Year’s.
Then again, Trump launched his career with a meager $413 million stake from daddy, beginning his meteoric rise to occasionally successful businessman. That’s why he’s president, and you and I are not.
So to lessen the casualties of this war, the president has turned to a tried and true method: the socialist redistribution of $25 billion in taxpayer money to those who need it most, big city executives.
View the complete September 3 article by Pete Kotz on The CityPages website here.