Bess Levin writes in Vanity Fair:
“A wise person once said, of working in the White House: “It’s worse than you can imagine. An idiot surrounded by clowns . . . I am in a constant state of shock and horror.” Whether or not that description can be attributed to Gary Cohn or is simply “representative” of his views, we may never know, but it’s obviously a good summation of what life is like inside the capsizing Carnival cruise ship that is the West Wing, particularly over the last 24 hours.
To recap, on Wednesday night, The Washington Post reported that Donald Trump was expected to announce major tariffs on aluminum and steel on Thursday, a development that apparently caught administration officials completely off guard. Though Trump has been itching to start a trade war since he announced his candidacy for president, virtually all of his advisers, outside the truly batshit insane ones, strongly advised against such punitive measures, as they could ultimately hurt many U.S. allies and provoke retaliation by U.S. trading partners, among other terrible consequences. During a June meeting with his Cabinet to discuss the issue, a whopping 22 people were said to be against Trump’s wishes, to the three who weren’t: Commerce Secretary Wilbur Ross, then-senior adviser Steve Bannon, and Trump himself. Unhappy that more people weren’t on his side, Trump reportedly screamed, “I want tariffs. And I want someone to bring me some tariffs!”
With Bannon’s departure, there was a thought that sheer numbers, if not sanity, would prevail. In addition to Cohn, Treasury Secretary Steven Mnuchin, Secretary of State Rex Tillerson, and Secretary of Defense James Mattis have all strenuously argued against the tariffs, warning that they could hurt the global economy, damage key relationships, and threaten national security. That was obviously wishful thinking, though, given that 1) when Trump gets an idea in his head, no matter how dumb it is, he doesn’t let it go, and 2) the president has recently been taking the advice of Peter Navarro, a hard-line trade adviser who makes Bannon look like a “globalist cuck.” (For reference, Navarro wrote a book called Death by China, has encouraged Trump to go after freaking Canada, and thinks the North American Free Trade Agreement is responsible for an increase in spousal abuse, divorce, and infertility.) Considering Navarro’s growing influence in the White House, in retrospect it probably shouldn’t have come as a shock that this afternoon, this happened:
President Trump said on Thursday that he will impose stiff and sweeping tariffs on imports of steel and aluminum as he moved to fulfill a key campaign promise to get tough on foreign competitors. Mr. Trump said he would formally sign the trade measures next week and promised they would be in effect “for a long period of time.” The trade measures would impose tariffs of 25 percent on steel and 10 percent on aluminum. It is unclear whether those would apply to all imports or be targeted toward specific countries, like China, which have been flooding the United States with cheap metals.
The announcement capped a frenetic and chaotic morning inside the White House as Mr. Trump summoned more than a dozen executives from the steel and aluminum industry to the White House, raising expectations that he would announce his long-promised tariffs. However, the legal review of the trade measure was not yet complete and, as of Thursday morning, White House advisers were still discussing various scenarios for tariff levels and which countries could be included, according to people familiar with the deliberations.
It’s hard to overstate how bad of an idea this is. In addition to going against the advice of nearly all of his advisers and most people on Capitol Hill, essentially flipping off the World Trade Organization, and likely alienating important allies, the “JOBS JOBS JOBS” president is putting countless “JOBS” at risk in sectors like the automotive industry that obviously rely on aluminum and steel to manufacture their products. (According Axios’s Jonathan Swan, a report put out by Wilbur “wake me when the meeting is over” Ross that recommended imposing tariffs enraged Cohn because it didn’t factor in such collateral damage. Cohn and other staffers were also reportedly irked by the fact that the report suggested Trump’s fantasy of a manufacturing Renaissance could come true, when everyone knows it’s never gonna happen.)
To give you an idea of how unpopular today’s announcement was, even the Brothers Koch have come out against it, calling the tariffs, via their Americans for Prosperity mouthpiece, “a misguided approach that will hurt American businesses and families by increasing costs and undermining the tax relief just delivered by Congress and President Trump.” Larry Kudlow, whose name as been floated as a possible replacement for Cohn, and who is a huge fan of Trump’s, slammed the move, too, saying “All that will happen with steel tariffs is you will raise prices for all import users and that includes businesses and of course consumers. You will wind up hurting millions of people to help 140,000 people in the steel industry.” But don’t take their word for it. Here’s how Trump’s favorite metric responded:
(For those of you who are not visual learners, what we’re saying is: the Dow plunged 550 points on the news, closing the day down more than 400 points. For a stock-market obsessed president, that’s gotta hurt.)
Scott Pruitt, risking his life, will fly coach
Earlier this month, Environmental Protection Agency chief Scott Pruittcame under fire for routinely flying first or business class when coach would have sufficed. His excuse? That “we live in a very toxic environment politically, particularly around issues of the environment,” and one time someone went up to him in the airport and uttered completely factual statements to his face. From there on out, his security detail decided that flying at the back of the plane was too much of a risk, and that Pruitt’s safety could only be ensured in the part of the aircraft where the booze is on the house. Today, however, this hugely brave American announced that those days are over.
During an interview with CBS News, Pruitt said that he has told his security detail “to accommodate those security threats in alternate ways . . . up to and including, flying coach going forward.”
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Perhaps showing why we have the Trump “Clownocracy” in the first place, some Dems actually enthusiastically endorsed Trump’s idiotic move. As the late great Casey Stengel might have said, “Can’t anyone here play this game?” Guys, we need steel and aluminum, and we import one heck of a lot more than we make. Even an “economic dummy” like me knows that. So, a trade war that hurts American consumers and manufacturers who use steel and aluminum is going to be a big loser for us. Countries like ours that are, and almost certainly always will be, net importers rather than exporters can’t afford trade wars (particularly with our, perhaps soon to be former, “friends” like Canada & the EU)!
Finally, a “too bizarre not to be true rumor” sweeping the “world of inside the Beltway punditry” is that “Don the Con Man” will fire “Mr. Magoo” (a/k/a “Gonzo Apolyptco,” a/k/a “Jeff Sessions”) and temporarily replace him with the ethically challenged Scott “First Class” Pruitt for long enough to completely dismantle the Justice Department and our system of justice just as he did with our environment and the EPA. Talk about the “GOP Wrecking Crew” and the not-so-smart minority of folks who voted them into power. Vladi must be laughing his tail off!
PWS
03-02-18
