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Trade Wars are Good and Easy to Win

Flashback March 2, 2018: Trump Tweets "Trade Wars are Good and Easy to Win"

Victory for Steel Workers

One of Trump's big wins has been the steel industry.

Trump promised more steel jobs.

Today we see Bayou Steel shuts suddenly with loss of 376 jobs in LaPlace; governor blames tariffs

OK, forget about that. Let's check out the latest manufacturing reports.

Manufacturing ISM Worst Since 2009 on Severe Contraction of Export Orders

Please note Manufacturing ISM Worst Since 2009 on Severe Contraction of Export Orders

Say what? That can't be.

Let's move on to agricultural exports where Trump promised big wins.

Corn Exports Plunge but Trump "Not Ready to Make a Deal With China"

I am pleased to report this big win: Corn Exports Plunge but Trump "Not Ready to Make a Deal With China"

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Oops, apologies offered. I accidentally read plunge as soar. These things happen.

Instead, let's turn our attention to other notable Trump wins.

Hmm. I am drawing a blank. Does anyone have any wins?

Question is Moot

The question is surely moot and the answer totally meaningless.

We know this for a fact.

How?

  1. Trump says he is "winning big time".
  2. Not only are we winning big, we are also collecting "big tariffs".

This is clearly a double win!

Problem is With You

That farmers, steel workers, the auto industry workers, Apple, etc., and most importantly you cannot spot the wins means one thing and one thing only: You simply do not understand winning.

There is no other logical conclusion.

Mike "Mish" Shedlock