Posted on 04/11/2018 8:01:38 PM PDT by socialism_stinX
WASHINGTON - Republican Sen. Mike Rounds on Sunday said President Donald Trump needs to explain his "endgame" to the American people when it comes to imposing tariffs on goods from foreign countries and said the U.S. should "quit fighting with Mexico and Canada."
(Excerpt) Read more at nbcnews.com ...
This very public trade dispute with China ranks right up there with Trump's threat to "completely destroy North Korea" if necessary, as two of the worst actions to date by the Trump White House. That threat against North Korea sounds like something written by a liberal Obama holdover inside the State Dept. who's trying to sabotage Trump's presidency. The White House needs to take a long hard look at whoever was the source of that threat against North Korea and decide if that person is trying to undermine the Trump presidency. The Trump Team needs to assume that anyone left over from the Obama regime in any department or bureau in Washington could be a saboteur of the Trump Administration, including even high-level people who have been in those bureaucracies for decades.
This public trade dispute with China needs to end and end soon, with some kind of preliminary trade deal reached with China and the cancellation of all tariffs on China and retaliatory tariffs by China, except for any tariffs we really need for national security reasons. This preliminary agreement and cancellation of tariffs needs to happen soon, within about three weeks (by May 2). Cancellation of tariffs by both sides and an announcement that no new tariffs are planned against any countries in the rest of this year will stop the build-up of uncertainty about trade which can hurt investment and is already causing huge volatility and uncertainty in the financial markets. I'm skeptical that our steel industry is really under that much pressure from Chinese imports in the last five years, as Mr. Navarro says. I looked at the revenues for US Steel and Nucor over the last several years and there's no big drop-off in revenues in the last five years--just a minor swing down a few years ago and then a swing back up in the last few years. The loss of American jobs in the steel industry is mainly because of advancing technology and higher productivity in the steel industry. Although it's fine if the President takes credit for protecting American jobs, it's more important to keep investment and GDP growing fast into the mid-term elections. So now it's time to reach an agreement with China, and let President Trump declare victory and talk about how he negotiated a great deal with China and defended American workers.
This public trade dispute with China looks like it certainly could be an idea developed by people who are actively working to sabotage the Trump Administration. The corporate tax cut passed last year created economic momentum into this year, and this trade dispute is exactly the wrong policy now because it's likely to offset some of the economic momentum we gained through the tax cut. That's why liberal saboteurs may be pushing for this dispute inside the bureaucracies. They're worried that the tax cut is going to generate big economic momentum into the elections and they're trying to slow that momentum. GDP growth has already slowed from the fourth quarter of 2017 into the first quarter of this year, and that trend needs to be reversed in the rest of this year. So one last time, let me reiterate, this dispute needs to end very soon, in three weeks or less, so corporate America can stop worrying about trade and return to developing capital plans for the next few years based on a much lower corporate tax rate and faster expensing of capital investments (...and implementing those capital plans this year). An end to this dispute will also spark a big rally in the stock market and a wealth effect on consumer spending. So right now, the next three weeks, is the time to shut down this risky trade dispute with China and return to constructive policies that generate stronger economic growth in the rest of this year and put Republican candidates in a strong position to win in November.
You’re stupid
The President isn’t.
He will win the N Korea and China situations while you bitch in your panties.
Until China actually opens its markets up and stops propping up failing steel and aluminum businesses the tariffs should continue. There is AMPLE evidence that China’s 100% employment requirement is all that is keeping most of its steel mills and aluminum smelters in business. They have refused to do a thing about it in international negotiations for more than 20 years now. The central bank’s ability to purposely devalue its currency allows the country to act like one giant company and manipulate international markets through overproduction. Until that stops, the tariffs can and should stay.
Another RINO in a red state and we have to keep him.
You have no idea what you’re talking about in terms of economics. Tariffs may be a useful political tool in some regions of America, but this is really bad economic policy and a bad move into the mid-term elections, overall.
End Game on trade: We Win and They Win. It’s a Win-Win that increases the size of the economic pie.
Rounds is a MORON, whom the president owes less than NOTHING to; let alone an explanation of what he is doing...which is working, unlike what this idiot from South Dakota has and still is doing.
Mr. Rounds is MORE THAN WELCOME to take his Globalist position to the people and run against Trump in 2020, just as he was welcome to run in 2016, but obviously did not.
Nonsense!
You can’t focus just on the steel and aluminum industries going into an election. We have to build growth in the entire economy. BTW, I’m no RINO. Read my other posts, before you start attacking me.
We need new GOP Senators.
Most of the ones we have are globalists representing everyone except US citizens.
Flake, Corker, Hatch, Heller, Alexander, Graham, McCain, Murkowsky, Hoeven, Rubio, Tillis, Burr, Lankford, Gardner, Cornyn, Cochran, Collins, Sasse, Kennedy, Shelby, Ernst, Blunt, McConnell, Wicker, Portman, Isakson, Johnson, Toomey, Rounds, Thune, Gaines, Barasso and Enzi are all Bush League Republicans hell bent on making America into North Mexico.
Sorry dude, everything I wrote is absolute correct. This dispute could cause a lot of damaging fallout in other areas of the economy. It’s time to wrap it up and get back to growing out economy. This tariff stuff causes delays in capital spending decisions.
Go pound sand. The President owes you nothing. He owed the American people what he promised them
A win-win is a great idea, so let’s make it happen and SOON, so we don’t delay capital spending projects in corporate America.
Rounds needs to explain his economic/International Trade pedigree.
And to prove that he is not a NeverTrumper.
We do not have to keep the Bush League Republicans who work against US.
They can be replaced by patriots.
He campaigned on strong economic growth and job growth. This kind of public dispute isn’t the way to get that. Negotiate this kind of agreement quietly and without damaing tariff disputes, so we don’t generate a lot of uncertainty and delays in capex and hiring in corporate America.
China is already beginning to cave some, BECAUSE OF THE TARIFF THREAT!
For the majority of this nation's history, it relied on...wait for it...brace yourself...TARIFFS!
China has a massive amount of tariffs on our products, which is part of the problem re our trade deficit with that nation.
Our economy has been and still IS growing!
You're no economist and a political naif to boot.
WERE YOU A #NEVERTRUMPER?
DID YOU PAY ANY ATTENTION TO WHAT TRUMP SAID WHEN HE WAS RUNNING FOR THE NOMINATION AND AS THE GOP CANDIDATE, RUNNING FOR PRESIDENT?
DID YOU VOTE FOR TRUMP?
ignore the RINOS.
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