Trump wants to raise Tariffs.
Crummy Federal Reserve, Stock Market volatile and down, with global economic slowdown, including a slowdown in trade, then you add protectionism.
Did protectionism make the great depression? No. But it helped sustain the great depression, by adding an additional brake on trade. Tariffs become a tit for tat game which everybody eventually loses from.
Trump and Sessions are wrong or maybe Sessions is just conveniently ignoring that Trump wants to raise tariffs.
It will work like the last time Republicans favored raising tariffs, in the 1930s; which is it didn’t work.
Getting better trade agreements, and negotiating strongly to do that is one thing, unilaterally raising tariffs is neither particularly conservative or liberal; its just not smart.
Trump wants to raise Tariffs.
Crummy Federal Reserve, Stock Market volatile and down, with global economic slowdown, including a slowdown in trade, then you add protectionism.
Did protectionism make the great depression? No. But it helped sustain the great depression, by adding an additional brake on trade. Tariffs become a tit for tat game which everybody eventually loses from.
Trump and Sessions are wrong or maybe Sessions is just conveniently ignoring that Trump wants to raise tariffs.
It will work like the last time Republicans favored raising tariffs, in the 1930s; which is it didn’t work.
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You can’t compare the 1930’s to now. In the 1930’s we had manufacturing here in the united States with its attendant labor force and now we have lost most of that to Asia. We are being suckered all over the place and our sovereignty is in shreds. Trump will use tariffs as negotiating leverage, as a threat, and use it successfully to STOP devaluation of currency and all the other violations of the so called trade deals that nobody on OUR SIDE has ever tried to STOP. Trump advocates leveling the playing field, by renegotiating the trade deals and dealing ONE on ONE instead of in these monstrous multi-nation pacts in which America is merely one of MANY! How anybody with half a brain can’t see that DEMANDING and RECEIVING FAIRNESS in TRADE is the way to go is beyond me. Are you happy with our TRADE DEFICIT? Do you want to continue losing billions EVERY YEAR? Better put your big boy pants on and face facts. our economy is on the rocks and we need somebody who knows the “Art of the Deal” to get us back in safe harbor.
Ronald Reagan, in implementing his policies, was a protectionist. That is how he got the economy going.
But Trump has said he’s for fair free trade.