Arthur J. Villasanta – Fourth Estate Contributor
Washington, DC, United States (4E) – The world stands on the brink of a ruinous trade war that will likely trigger the next global recession following Donald Trump’s asinine decision to impose hefty tariffs on imported steel and aluminum after learning his son-in-law, Jared Kushner, had his security clearance downgraded.
Kushner saw his clearance drop from top-secret to secret, meaning he’s denied access to classified materials and can no longer read the president’s daily intelligence briefing.
Kushner’s security clearance has been under heavy scrutiny over the past months because of the Rob Porter scandal, and because Kushner intentionally failed to disclose more than 100 foreign contacts on his initial clearance application.
In retaliation for Kushner’s humiliation, the befuddled U.S. leader on March 2 said duties of 25 percent on steel and 10 percent on aluminum will be formally announced this week, sparking loud threats of instant retaliation from major trade partners Canada and the European Union.
According to analysts, this Kushner episode was the final blow that tossed Trump over the edge. Before announcing the new tariffs, Trump was also fuming at Hope Hick’s and Jeff Sessions’ betrayals. Hicks, who is said to be romantically linked to Trump, told a Senate committee she had told “white lies” for the president. She’s also dating Rob Porter.
Informed sources in the White House and Congress confirm that Trump’s decision was a spur of the moment insanity. The president didn’t forewarn Congress or international trade partners about it, neither did he inform the Departments of Defense, State or Treasury. Sources also confirm there were no pre-planned remarks from Trump announcing the punitive tariffs, and no communications strategy to explain it or back it up.
In short, Trump just lost it and came “unglued,” according to a number of White House sources. Trump announced the tariffs in a number of tweets.
Trump was egged on by Secretary of Commerce Wilbur Ross and Peter Navarro, Director of the White House National Trade Council.
Trump’s senseless justification for unilaterally imposing tariffs: “Trade wars are good and easy to win.”
Canadian Prime Minister Justin Trudeau lambasted the tariffs as “absolutely unacceptable,” and said they would cause serious disruption of U.S. and Canadian markets. U.S. stock markets fell immediately after Trump announced the tariff hikes.
Jean-Claude Juncker, president of the European Commission, announced the EU will respond with tariffs on such U.S. products as Harley-Davidsons, Kentucky bourbon and blue jeans.
“None of this is reasonable, but reason is a sentiment that is very unevenly distributed in this world,” said Juncker.
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