It’s On Like Donkey Kong…

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.

City AM_Mar6

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

[Verse 3]
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

 

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4 Responses to It’s On Like Donkey Kong…

  1. The British headline, “Hit the Chevy with a Levy…” is very witty!

    On Tue, Mar 6, 2018 at 7:25 PM, Global Macro Monitor wrote:

    > macromon posted: “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 ” >

    • macromon says:

      King,
      It is from the song, American Pie, as I am sure you are aware:

      Bye, bye Miss American Pie
      Drove my Chevy to the levee but the levee was dry
      And them good ole boys were drinking whiskey and rye
      Singin’ this’ll be the day that I die
      This’ll be the day that I die

  2. Larry R. Wagner says:

    Love that headline. And the video. >

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