Administration Lie of the Day: “Trump Goaded China into a Bad Position”
Treasury Secretary Bessent is a bad liar. Clowns portray it as 5D chess.
Lie of the Day and Hoot of the Day
Bessent: “This was driven by the President’s strategy. He and I had a long talk on Sunday and this was his strategy all along. And you might even say that he goaded China into a bad position. It wasn’t a hard message. Don’t retaliate and things will turn out well.”
Competing Theories
- Trump concocts ridiculous definition of “reciprocal” to goad China into retaliating. Socks and bonds crashed in response. And China will stop buying agricultural goods from the US. But that’s OK because Trump will again to bail out US farmers, with taxes collected from US citizens via tariffs to bail out the farmers but no one else. This is 5D chess.
- Trump capitulated with a 90-day pause reacting to the plunge in stock and bond markets.
If you are economically dense as a brick of lead, or you are afflicted with a massive and uncurable case of TDS Type II (Trump can do no wrong), then you believe this is all part of a master plan.
Unfortunately close to half the nation is economically as dense as lead or believes in laughable 5D chess theories.
What About Farmers?
In 2018 Trump administration introduced $16 billion (~$19.1 billion in 2023) of new trade aid. In 2019, the Donald Trump administration increased the bailout to $16 billion (~$18.8 billion in 2023).
Two days ago the Wall Street Journal reported Trump Team Will Consider Aid to Farmers, Agriculture Secretary Says
The Trump administration is weighing financial aid to America’s farmers to mitigate any negative effects from President Trump’s tariff program, Brooke Rollins, the U.S. agriculture secretary, said Sunday.
“We have to be prepared that if there is longer-term damage…that we have the funds in working with the senators and working with the appropriators that we can do what we did last time,” Rollins said on CNN. The federal government sent about $23 billion to compensate farmers during Trump’s first term. Trump’s first trade war led to more than $27 billion in losses of agricultural exports, according to USDA research.
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