|Wilbur Ross, trade theory ignorant|
He is hinting the United States is going to hit back. This is clearly the thinking of not only the Commerce Secretary but also of the President. Such a trade battle will do nothing buy lower the standard of living for all Americans. It is economic policy idiocy but it appears it is going to be Trump trade policy.
Video of Ross spouting on CNBC his economic ignorance is here.
(ht Christopher Barcelo)