Yesterday “the president” announced a trade “deal” with “Britain.” IN CASE YOU’RE WONDERING, I’M TRYING TO EMULATE TRUMP’S STYLE, WITH RANDOM QUOTATION MARKS AND BLOCK CAPITALS, PLUS EXCLAMATION POINTS AT WEIRD PLACES!Anyway, as I predicted yesterday, it was indeed a “deal” as opposed to an actual deal. There was very little substantive content. The 10 percent overall tariff on imports from Britain remained, although extra tariffs on British steel and cars were removed. Hey, children only need two dolls and five pencils, but the wealthy need their Rolls Royces, Jaguars and Bentleys. Britain, for its part, made vague promises to increase access for some U.S. agricultural products, and may be buying some Boeing jets.Claims of a major deal were, in short, fake news. This was all about creating the illusion that Trump’s tariffs are accomplishing something.Meanwhile, however, something potentially important happened in Congress. A bill that would have helped expand
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