Trump's considering a tariff that could put the economy on a path to 'global recession'
President Donald Trump is considering a 20% tariff on imports of steel and possibly a number of other goods, Axios says.
According to the report, Trump held a meeting with key advisers on Thursday and was heavily in favor of the tariffs despite their warnings of the economic implications.
The pending decision comes after Trump set up a task force to look into steel import practices a few months ago.
The move is not surprising, given that Trump made free trade one of the central topics of his campaign after criticizing China, Mexico, and Japan.
He suggested putting a 45% tariff on Chinese imports, said he would declare China a currency manipulator on his first day in office, proposed taxing imports from Mexico, said he'd "rip up" trade deals, and called the Trans-Pacific Partnership, or TPP, "a rape of our country."
At post-election rallies, Trump said that "we have to look at it [trade] almost as a war," asking "Who the hell cares if there's a trade war?"
Trump said China specifically is committing "the greatest jobs theft in the history of the world."
Following the election, Willem Buiter, chief economist at Citi, wrote in a note to clients that protectionist trade policies might spark a global trade war, "which could easily trigger a global recession."
https://www.msn.com/en-us/money/markets/trumps-considering-a-tariff-that-could-put-the-economy-on-a-path-to-global-recession/ar-BBDuAVO?li=BBnbfcL&ocid=edgsp
Understand though foreign steel was what Trump used to build his buildings from. In addition much of his and his daughter's clothing is manufactured in China.
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followed by price controls and a worldwide tradewar and depression.
Elections have consequences republicans! 
