Economic experts ridicule Trump's early morning tweetstorm on China tariffs: 'Literally how an economy doesn't work'

Economic experts ridicule Trump's early morning tweetstorm on China tariffs: 'Literally how an economy doesn't work'
Image via Wikimedia Commons
David Badash
and
The New Civil Rights Movement
May 13, 2019Trump

President Donald Trump followed up his weekend of nearly 100 tweets with an early Monday morning tweetstorm starting at 6:09 AM.

Most of the President's tweets were in defense of his tariffs on hundreds of billions of dollars of goods imported from China into the U.S. – the vast majority of which increase costs to Americans because the tariffs are paid for by the companies that import the goods, who generally pass them on to consumers via higher prices.

And the president was widely mocked for these tweets, by an informed general public and many experts.

One set of Trump's defensive tweets garnered a great deal of attention, for being wholly false.

"The President's been lying, non-stop, saying that China would pay for the tariffs – just like Mexico would pay for the wall," MSNBC's Joe Scarborough noted.

Politico's Chief Economic Correspondent also weighed in:

But it was this totally false Trump tweet that drew total mockery:

Here's a noted American development economist:

A CNN Business economy reporter:

Editor-in-chief, SAIS Observer. Freelance journalist:

London Bureau Chief for The Street:

Professor, Washington University in St. Louis:

Senior Writer, Bloomberg Economics:

Wall Street financier, Morning Joe Economic Analyst:

Bloomberg News economics editor:

Report typos and corrections to: feedback@alternet.org.

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