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Trump administration gets blistering schooling after its revealed they don’t know how tariffs work

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David Cay Johnston

Appearing on MSNBC’s “AM Joy,” one of Donald Trump’s biographers, David Cay Johnston, explained in exquisite detail how tariffs work — and who pays for them — to the president and his economic advisers who still insist consumers won’t feel the brunt.

Calling the President a “grifter “who only cares about his own wealth, Johnston said Trump has no understanding of economics and has no interest in learning.

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“The thing about Trump is that he has an obsession with China and Mexico being foreign bad actors, bad people that his base wants him to fight, so you have this policy emerging not just from economics. so to appease voters that care about immigration, that’s what they care about,” host Joy Reid asked. “Is it fair to undermine the farm economy just to appease those people and himself, I guess?”

“The only things that matter to Trump is Donald Trump,” Johnston replied. “He wants to hoodwink all of the people that want to live in a mythical 1950’s America where black people didn’t have hardly any civil rights and Asian people were hardly seen.”

“That is clearly racism mixed with 18th-century mercantilist economics,” he continued. “He thinks there is only x amount of dollars in the world and every dollar he doesn’t have is a dollar that someone else has.”

“We know how to create wealth, we’re good at it,” he added. “But if you’re Donald Trump you don’t understand that. All of these policies are indeed a bet he could lose the popular vote by 12 million votes and get a second term.”

Watch below:

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Spain reports second consecutive drop in daily coronavirus deaths

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The daily pace of new coronavirus infections and deaths in Spain slowed again on Saturday as Prime Minister Pedro Sanchez was expected to announce a new extension to lockdown measures that have confined most Spaniards to their homes for three weeks.

The total death toll rose to 11,744 - the world's second highest - on Saturday from 10,935 the day before, the Health Ministry said, representing a 7% increase in total deaths after a 9% rise on Friday. That is less than half the pace of the around 20% increase registered a week ago.

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Trump and Macron urge increased cooperation on coronavirus at the UN

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US President Donald Trump and his French counterpart Emmanuel Macron on Friday urged top-level UN talks on the coronavirus crisis, with France pushing for a focus on war zones around the world.

The two leaders spoke by phone and "discussed convening P5 leaders soon to increase UN cooperation on defeating the pandemic and ensuring international peace and security," the White House press office said.

The P5, or permanent five members of the UN Security Council, are Britain, China, France, Russia and the United States.

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Trump’s inspector general firing will cripple intel agencies during the coronavirus crisis : National security analyst

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On CNN Saturday, national security analyst Samantha Vinograd laid into President Donald Trump for firing intelligence community inspector general Michael Atkinson.

"Trump has decimated his own intelligence to date, and now he's continuing that pet project at a moment when, arguably, we need more, not fewer, competent professionals on board," said Vinograd. "This is an all-hands-on-deck moment for the entire U.S. government, including the U.S. intelligence community. In the face of the novel coronavirus, resources are strained. We have less intelligence professionals able to come to work and access classified servers. And rather than trying to marshal resources at this time, President Trump has removed a competent intelligence professional from a key post."

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