Now that Cohn is out it looks like game on for a new trade war.  You never know with Trump, however,  but Cohn’s departure is not a good signal.

The British newspaper, City A.M., gives us a hint at how the Europeans may retaliate.  Hit the industries in the red states, particularly the home of the Congressional leadership.

City AM_Mar6

Trump Increasingly Viewed As A Paper Tiger

The question now has President Trump painted himself into a corner?

Backing down would only reinforce the growing image that Trump is a bit of policy flake and a  Paper Tiger.

I see no evidence that the president’s reputation as a paper tiger has improved at all since the summer.  Just this week, as Ponnuru says, Trump floated a new protectionist plan   – Ramesh Ponnuru,  Bloomberg

Time to back down?  Will he?  Can he?

President Trump sounding a lot like Tom Petty these daze


I Won’t Back Down – Tom Petty

[Verse 3]
Well I know what’s right
I got just one life
In a world that keeps on pushin’ me around
But I stand my ground
And I won’t back down