Brad de Long has been reading Trump’s tweets about Harley-Davidson.
In a later tweet, Trump falsely stated that, “Early this year Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand,” and that “they were just using Tariffs/Trade War as an excuse.” In fact, when the company announced the closure of its plant in Kansas City, Missouri, it said that it would move those operations to York, Pennsylvania. At any rate, Trump’s point is nonsensical. If companies are acting in anticipation of his own announcement that he is launching a trade war, then his trade war is not just an excuse.
In yet another tweet, Trump turned to threats, warning that, “Harley must know that they won’t be able to sell back into U.S. without paying a big tax!” But, again, this is nonsensical: the entire point of Harley-Davidson shifting some of its production to countries not subject to EU tariffs is to sell tariff-free motorcycles to Europeans.
In a final tweet, Trump decreed that, “A Harley-Davidson should never be built in another country – never!” He then went on to promise the destruction of the company, and thus the jobs of its workers: “If they move, watch, it will be the beginning of the end – they surrendered, they quit! The Aura will be gone and they will be taxed like never before!”
Needless to say, says Brad,
Trump’s statements are dripping with contempt for the rule of law. And none of them rises to the level of anything that could be called trade policy, let alone governance. It is as if we have returned to the days of Henry VIII, an impulsive, deranged monarch who was surrounded by a gaggle of plutocrats, lickspittles, and flatterers, all trying to advance their careers while keeping the ship of state afloat.
The nightmare continues, in other words. Yesterday, we had his attack on Germany at the NATO Summit. What’s happened is that the US has acquired a president who is deranged, and the world (including the UK) has to stand by and watch, open-mouthed, as he raves.