Now Comes The Great Big Trump-O-Nomics Auto Crash

What can you do when the nation elects an economic crackpot who foolishly thinks that the blessings of trillions in global trade amount to theft from the United States? And, on top of that folly, has a wide-open unilateral authority under the various ultra-rubbery trade statutes to impose billions in “taxation without representation” on the American people in the guise of import tariffs.

Well, that’s where we are right now—meaning that the brown stuff will be hitting the fan with relentless caprice from here into so-called Liberation Day (April 2) and beyond. In fact, today’s installment in the form of the 25% auto tariff announced last night is utterly irrational and unjustified, but it’s just the warm-up act: The so-called “reciprocal trade” levies to be imposed apparently on all 232 of America’s global trading partners will literally amount to the “Mother of All Shit Shows”, as we have been documenting in recent days.