The professional financial class are going bananas at the steel and aluminum tariffs being implemented by the Trump administration. As expected, most of the apoplectic drum-beating is coming from the Wall Street crowd. This same Wall Street crowd conveniently overlooks that last year the EU imposed even HIGHER tariffs on steel and aluminum than the Trump administration is proposing now.
If you think the professional financial class are over-the-top now, just wait until the administration pulls out of NAFTA. These are the battles that matter. The administration is directly over the target. The multinational corporate crowd, including their corporately owned media, are pushing a fundamentally false set of talking points; their economic dishonesty reflects their desperation.
When Main Street economic principles are applied Wall Street will initially lose. There’s no way for this not to happen. Most of Wall Street is built on the Multinational platform of economic globalism. Weaken the grip of the multinational corporations and financial interests on the U.S. economy and Wall Street will drop… this is not difficult to predict. This is also necessary.