The Trade Wars Are Here, And It’s Worse Than We Thought
Left Critique, Commentary Daniel Woods Left Critique, Commentary Daniel Woods

The Trade Wars Are Here, And It’s Worse Than We Thought

What many of us had long suspected has been ultimately proven correct, and as the trade war begins in earnest we will all begin to see just how insidious these tariffs will be in our every day lives. US oil companies export premium crude abroad for outrageous profits in less-developed countries, meanwhile importing cheap, sour crude for more rigorous refining at a profit at home. Do you believe that increased US oil drilling will lead to cheaper prices here, or larger profits for the oil oligarchy? Will US manufacturers lower prices for Americans or simply destroy/restrict their products to stretch out their always unreachable profit goals? Do you have the $1200/year that these tariffs are expected to cost US consumers? Can you spare $100/month to make the US administration feel good about itself?

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