The Atlantic (August 22)
“Yes, Trump can hurt Canada more than Canada can hurt Trump. That part of Trump’s thinking is true. But wars are not decided only by the question Who can inflict more pain? Wars are also decided by the question Who can endure more pain? Trump’s failure to accept this truth is why he lost the Iran war—and why he is losing his trade wars.”
Tags: Canada, Endure, Failure, Hurt, Inflict, Iran war, Lost, Pain, Thinking, Trade wars, True, Trump, Truth, Wars
Reuters (February 13)
“U.S. President Donald Trump says trade wars are easy to win. If so, his 25% tariffs on steel and aluminium imports ought to have big overseas producers like Rio Tinto begging for mercy. Yet shareholders in the $107 billion miner and rivals like BHP have already shrugged off concerns. Granted, they may be overly optimistic, or reckon the levies, set to go into effect next month, won’t be imposed. But it also could be because the duties would hurt the U.S. the most.”
Tags: 25% tariffs, Aluminium, BHP, Duties, Hurt, Imports, Miner, Overseas producers, Rio Tinto, Shareholders, Steel, Trade wars, Trump, U.S., Win
