So, the effects of the ongoing tariffs keep pouring in. In the latest development, Ford’s CEO says the tariffs have cost Ford $1 billion in lost profits so far. There are concerns about sales of their autos in China. The CEO predicts further problems if these tariffs continue.
High subsidy payouts to farmers - lost profits to US businesses - these tariffs are doing quite the number.
If I’m not mistaken, the Trump organization still has business interests in China. If he really thought the trade imbalance was harming the US, you would think his “patriotism” would have motivated him to close down those interests.
I have heard that some of Trump’s views (such as tariffs) go back decades. And it seems that he has convinced the likes of Kudlow, Mnuchin and Ross. So that makes me wonder if he would be informed about the details (both pro and con) of what is going on? Will the CEO of Ford make this a issue directly with Trump?