[U] "Gee -- What Could Possibly Go Wrong?!" These Three Nations Are Over $1 Of Every $3 -- In The US's Trading Economy...

We did talk (in Iteration 1.0, at great length) about what a stupid, discredited, self-defeating 19^th Century idea Tangerine's tariff policies represent. There was a reason he ended them in a matter of months: US consumers saw that they were paying for his tariffs, in higher prices on lots of goods. [B2B noticed too.]

But this time around, the goof has targeted a much wider array of goods and industrial categories, in Mexico, China and Canada.

And he has signaled that if any of the three impose reciprocal tariffs on US goods -- he will escalate. As we saw last time, that is simply mutually-assured self destruction, on various economic fronts. In a word, what a. . . putz.

Here's just one MSM report -- as Tangerine 2.0 walks us all to the cliff's edge -- with no discernible policy goal (of any kind, logically related to the tariffs) in mind, let alone well-communicated. [To blame our domestic street drugs problem on Canada is probably the most laughable lie he's ever told.]

. . .Among the common Mexican imports that will now get pricier to bring into the country: fruits, vegetables, beer, liquor and electronics. And from Canada: potatoes, grains, lumber and steel. . . .

D A M N A T I O N.

The man is a walking. . . talking. . . economics disaster, on the hoof.

Minor Update: the WSJ opinion pages quite agree with us -- even down to articulating the same rationale for calling this the dumbest US economic policy move, in history. Yes, that is the capitalists' paper of record. Onward.

नमस्ते