How to win a trade war

Trump says it’s easy. Try it for yourself.

An interactive essay from FiveThirtyEight:

The tweet came before 6 a.m., as President Trump’s tweets often do. It was early March, and the Trump administration had just announced steep tariffs on imported steel and aluminum. That did not make China or America’s European allies happy. Last week, after the U.S. imposed tariffs on $60 billion worth of Chinese goods, it was reported that China would respond with their own tariffs on $3 billion of U.S. goods.

But Trump has been undeterred. In his tweet, he suggested that concerns about a trade war were overblown. Instead, he said, “trade wars are good, and easy to win.”

When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100

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