"Let a businessman be president so he can run the government like a business"In and of itself, that's a misguided approach. The government is not a business, nor is the president a CEO. But if you really want to elect someone from the corporate world instead of the political world, at least find someone who actually KNOWS something about business.
Hence:
French Wine Could Face 100% Tariffs as Trump Confronts France Over Tech Taxes
Donald is bad at presidenting. Really bad. There isn't enough time to document that here. But one of the things he's really terrible at doing is something you might expect a person with his background to understand: FOREIGN COUNTRIES DON'T PAY TARIFFS.
"They’re starting to tax other people’s products. So therefore we go and tax them."Except that's not how this works! Slapping 100% tariffs on French wine and cheese doesn't cost the French a dime. Perhaps doubling the prices of French goods will ultimately result in fewer sales and hurt their bottom line. But the additional costs of a tariff will be a tax 100% borne by American consumers. The guy just doesn't get it!
Meanwhile, in response to the tax the French want to levy that started this whole mess, he offered this bit of ridiculous rationale: "They’re American companies. We want to tax American companies. That’s important. We want to tax them, not somebody else." (Attentive readers may have noticed the part about taxing American companies. They may also recall a bill that was passed that nearly eliminated corporate taxes. But consistency is not a hallmark of this administration, or political party.)
Of course, with anything this dullard says, he's just as likely to reverse himself an hour later. Which he did: "We have a minor dispute. I think we will probably be able to work it out."
