Really, really bad. Trump is throwing a temper tantrum, threatening dire retaliation against our allies for high tariffs THAT DON'T EXIST. You can't reach a deal with someone who demands you stop doing something you aren't doing 1/ nytimes.com/2018/06/09/wor…
It's sort of the trade equivalent of basing immigration policy on a crime wave by undocumented immigrants that exists only in Trump's fevered racist imagination. But unlike little kids torn from their parents, major economies can and will strike back 2/
The intellectual basis for this tantrum, to the extent there is one, is a basic misunderstanding of how VATs work. But Trump will never admit that he was wrong, and was listening to the wrong people. Right now, corporate America should be terrified 3/
