On Saturday, following a week in which it became clear that President Donald Trump’s tariff threats were not going to produce results with China and U.S. consumers could be slapped with ever-higher prices, the president took to Twitter to give everyone “simple” advice: you can avoid his trade war by manufacturing and buying American!
Such an easy way to avoid Tariffs? Make or produce your goods and products in the good old USA. It’s very simple!
— Donald J. Trump (@realDonaldTrump) May 11, 2019
Of course, it is anything but that simple, as tariffs often cause U.S. manufacturers to pay more for raw materials and jack up their own prices as well.
In no time, social media piled on to mock the president’s ignorance of basic economics. Many of them noted that Trump and his family do not even hold themselves to this standard, and other simply asked why they should be taking advice from a man who lost over a billion dollars in his own business empire:
precisely the sort of economic wisdom you’d expect from a man who sent a generation of bankruptcy lawyers’ kids to college https://t.co/MA3pnxiytC
— George Conway (@gtconway3d) May 11, 2019
#BREAKING Guy Who Lost A Billion Dollars And Went Broke Running Casinos Gives Tips For Business SuccessADVERTISEMENT
— Jeff Tiedrich (@itsJeffTiedrich) May 11, 2019
Incase you missed it, Donnie. pic.twitter.com/tKwmOXce0S
— Chidi (@ChidiNwatu) May 11, 2019ADVERTISEMENT
For example, because of steel tariffs, the last nail factory in the USA recently has laid off workers and may be near insolvency because it can’t compete with imported nails (even though they’re also subject to tariffs).
It’s almost like the global economy is really complex…
— Pé Resists (@4everNeverTrump) May 11, 2019ADVERTISEMENT
It’s not simple for Trump, obviously. At least two of Trump’s last three construction projects, Trump opted to purchase his steel and aluminum from Chinese manufacturers rather than United States corporations based in states like Pennsylvania, Ohio, Michigan and Wisconsin.
— Thorsten (@Airvooocht) May 11, 2019
If the bankruptcy proceedings are any indication, the old man didn’t understand the 20th century economy either.
— Kent_Williams (@Alan_K_Williams) May 11, 2019
— Ross D (@AngrySage2012) May 11, 2019