Now that Cohn is out it looks like game on for a new trade war. You never know with Trump, however, but Cohn’s departure is not a good signal.
The British newspaper, City A.M., gives us a hint at how the Europeans may retaliate. Hit the industries in the red states, particularly the home of the Congressional leadership.
Trump Increasingly Viewed As A Paper Tiger
The question now has President Trump painted himself into a corner?
Backing down would only reinforce the growing image that Trump is a bit of policy flake and a Paper Tiger.
I see no evidence that the president’s reputation as a paper tiger has improved at all since the summer. Just this week, as Ponnuru says, Trump floated a new protectionist plan – Ramesh Ponnuru, Bloomberg
Time to back down? Will he? Can he?
President Trump sounding a lot like Tom Petty these daze
I Won’t Back Down – Tom Petty
Well I know what’s right
I got just one life
In a world that keeps on pushin’ me around
But I stand my ground
And I won’t back down