Trump’s trade war was decades in the making

Trump’s trade war was decades in the making

Politico

Those who know Donald Trump say it was always going to go this way with China.

The New York real estate tycoon began issuing bitter tirades against foreign countries “ripping off” the United States on trade back in the 1980s. At an expletive-laden political rally in Las Vegas in 2011, Trump hinted at a future presidential campaign and promised to tell the Chinese: “Listen you motherfuckers we’re going to tax you 25 percent!”

So when the clock flipped to 12:01 a.m. on Friday morning and the U.S. fired the first major shot in a trade war with China that has Wall Street and corporate America petrified, those who know the president mostly shrugged it off as Trump doing what he was always going to do, no matter the dire warnings from his ‘globalist’ advisers.

He has preached a confrontation with China for 30 years. The one thing he has been the most consistent on for his entire career is the economic threat posed by China. … This is a huge moment, a historical moment. It’s really Trump against all of Wall Street.”

Read more