Another Trump shock and awe as he levies tariffs on imports of steel and aluminium from the EU, Canada and Mexico, who are all threatening retaliation. Past experience suggests such protectionism, as in Reagan era, costs jobs in US and pushes US prices up, hurting US consumers, never mind setting off an escalating trade war elsewhere. Even GOP stalwarts are alarmed.
Sen. Pat Toomey (R-Pa.) called it “bad news”.
Senate Finance Chairman Orrin Hatch (R-Utah) said there is “mounting evidence that these tariffs will harm Americans.”
Sen. Ben Sasse (R-Neb.) warned that similar policies 90 years ago sparked the Great Depression. He said: “This is dumb. Europe, Canada, and Mexico are not China, and you don’t treat allies the same way you treat opponents. ‘Make America Great Again’ shouldn’t mean ‘Make America 1929 Again.'”
Sen. Lamar Alexander (R-Tenn.) “This is a big mistake. These tariffs will raise prices and destroy manufacturing jobs, especially auto jobs, which are one-third of all Tennessee manufacturing jobs. Tariffs are “basically higher taxes on American consumers.”
It was signed to start at midnight last night.
This aptly enough produces a self-protective, though usually divorced-from-reality Water Grand Trine of Jupiter in Scorpio trine Venus in Cancer trine Neptune in the 2nd, formed into a Kite by Venus opposition a 12th house Pluto (Moon Saturn) in Capricorn. Plus an explosive Mars on the Aquarius Ascendant opposition North Node in the 7th square Uranus. So an unholy mix of an act of reckless machismo to shore up self-esteem; and some dubious behind-the-scenes-motives. Neptune in the 2nd tied into the central configuration is not remotely hard-headed on the cash front, and Saturn in the 12th isn’t practical.
At the moment Pluto is exactly conjunct the Mars/Saturn midpoint, which is destructive; Saturn is square the Sun/Mars and Uranus/Neptune midpoints which indicates setbacks and loses. Could all be stoking up economic trouble as tr Saturn opposes the US Jupiter Venus this year and the Sun in 2019 at the same time as a fairly devastating tr Pluto trine the US Neptune picking up.
It’ll also have a damaging effect on steel jobs in the EU, UK and elsewhere.


























