Bloomberg: “Trump’s decision to start a trade war four months before the midterm elections carries a heavy risk for his party because many of his most loyal followers will bear the brunt of the fallout. This wasn’t the case with his major actions before now. The crackdown on refugees and immigrants didn’t hurt the white, blue-collar voters who make up the core of his support. And although they got little benefit from his tax cut, aimed primarily at corporations and the wealthy, neither were they directly penalized.”
“Trade is different. The bulk of punitive tariffs from around the globe falls heavily on Farm Belt and Rust Belt states that went for Trump. Many of the new measures are designed, with almost surgical precision, to harm his supporters. Of the 30 congressional districts hit hardest by Chinese tariffs on U.S. soybeans, 25 are represented by Republicans, five by Democrats—but all 30 voted for Trump.”
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