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Message to the George W. Bush fan club All those people who greeted the inane steel tariffs with a yawn (“No one is interested in steel tariffs”, “it is just a bit of politics”) will be no doubt equally uninterested that the European Union, you know, the USA’s largest trading partner, is now planning fast track retaliation against the USA that will specifically target US states that benefit from the US protectionist measures.
They join Russia, Australia and Brazil looking into setting up a splendid little self-reinforcing destructive anti-international trade harmonic that will hurt everyone.
If there is anyone out there who did NOT think that international retaliation against US goods and services was the guaranteed response to the new US steel tariff, can they please e-mail me to explain why they did not think that was going to happen?
Now what were you guys saying about it not being any big deal and just being about internal US politics? So what’s next George? “Read my lips: No New Tariffs” perhaps?
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