bobzilla77 wrote:What IS the end game of all these tariffs?
I thought this was an interesting take - the "shakedown racket" theory:
https://digbysblog.blogspot.com/2018/07 ... stero.html
It goes like this: the tariffs, by instituting an international trade war with our country, were intended to create hardship not only abroad but more importantly, in the US. This provides the Trump administration a splendid opportunity to offer "protection" to its loyal supporters. Protection could come in the form of exemption from the tariffs for specific business sectors or in the form of cash payoffs to offset the financial burden. A shakedown racket depends upon creating problems for those to be shaken down. And, as the hardships deepen, the protections Trump provides his supporters will become all that more valuable.
As for those who don't support Trump? The administration can simply respond, "No can do. There's a trade war going on. Blame Europe for your problems. Blame Obama for the lousy deals that forced us to institute tariffs in the first place. It's not our fault."