Donald Trump goes completely berserk as the stock market goes off a cliff
American investors have finally gotten their first chance to officially vote on what they think of the new tariffs that Donald Trump enacted on Chinese goods over the long holiday weekend. The result: the Dow Jones Industrial Average has spent the morning down three to four hundred points, which tells you all you need to know.
But don’t worry, because Donald Trump is here to explain to us what’s really going on with the world economy. In his broken mind and hallucinatory fantasy world, this is what’s going on:
We are doing very well in our negotiations with China. While I am sure they would love to be dealing with a new administration so they could continue their practice of “ripoff USA”($600 B/year),16 months PLUS is a long time to be hemorrhaging jobs and companies on a long-shot. And then, think what happens to China when I win. Deal would get MUCH TOUGHER! In the meantime, China’s Supply Chain will crumble and businesses, jobs and money will be gone!
Well, Trump does have one thing right. China is betting that it can finish Donald Trump off, and it’s clearly willing to whatever economic lengths necessary in order to make sure Trump loses the 2020 election. It’s not that China hopes dealing with the next U.S. President will be easier; it’s that China hopes the next U.S. President will be a sane person. American investors are making increasingly clear that they’re willing to help China finish Trump off.
Bill Palmer is the publisher of the political news outlet Palmer Report