“Trump may very well bring tariffs down world-wide after the bitter pill is swallowed.”
Trump will be out of office by the time tariffs are fully implemented. By that time the gov will have pocketed the money and there will be no going back. Then the give can add the small army of intrusive minions needed to allow all of the rent seeking tariff cry babies exemptions. Such as a large steel maker who the vp loves who wants a steel monopoly but wants no tariffs on its imported steel slabs and raw materials. Or the farmers who want tariffs on food but not on ag imports.
There is no need to compete against slave labor. Ask the Confederate States. The US is a manufacturing powerhouse. We are number two behind China but blow them away in per captia output. The idea that we are going to have jobs jobs jobs because of this is ludicrous. We will get more factories but advanced manufacturing don’t take a lot people. Even though we keep setting records for manufacturing output we also keep setting record low employment in manufacturing.
The US subsidizes non-work and consumption by providing 7,000,000 workforce eligible adults the means to not work and even more “deserving” able bodied people collecting a sacred check. At the very same time we choke off output with rules regs enviro nonsense. How about we cut out the social spending? And take the shackles off of our economy? Since it is political suicide to cut social spending, including the sacred check, tariffs will help surpress demand. We will spend less and the government will take more and use the money to provide programs for people not to work.
Free Trade did not giveaway our energy intensive industries to China. We did that to ourselves. China builds a coal fired electric plant a week.
Free Trade did not gut our education system and gives us generations of illiterate and innumerate lazy people. Who is going to fill all of these factory jobs? Where I live we had $40/hr jobs at an auto glass plant. Guess who filed them? 2nd gen legal Mexicans. The locals wanted no part of the hot sweaty jobs on 3rd shift.
If we are at war with China then let so say and go Cold War. Cut them off and start the defense build up. But Trump can’t even stop iPhones.
This round of tariffs is Kabuki theatre. When all you have is a hammer everything looks like a nail.
“we keep setting records for manufacturing output”
including thousands of dollars per month per patient drugs you must pay for because of the PPACA
Some drugs are so expensive that no patient that takes them could afford to buy them using personal funds.
“Trump will be out of office by the time tariffs are fully implemented. By that time the gov will have pocketed the money and there will be no going back. Then the give can add the small army of intrusive minions needed to allow all of the rent seeking tariff cry babies exemptions. Such as a large steel maker who the vp loves who wants a steel monopoly but wants no tariffs on its imported steel slabs and raw materials. Or the farmers who want tariffs on food but not on ag imports.”
From my published plan:
The total tariff shall be:
1. 25%, on aircraft grade aluminum alloys and automotive grade ferrous metal,
2. on national security products [we could and should make],
a. initially 0%, and then increasing by 2% at the start of every IRS quarter month after 2025 to 20%, on
I. industrial level components,
3. 0%, on
a. other raw materials, including coffee beans, fertilizers and their precursors,
base metals, electricity, raw & refined hydrocarbon products,
when vended without resale or short leash supply restriction,
4. tariffs paid on section 1 and 2 imports, except from China,
may creditable on a one-to-one basis after bona fide export of manufactured products containing them
via any optional scheme the Secretary of Commerce may allow a bona fide manufacturing exporter to participate in.
There shall be no tariff on bartered items internal to a motor vehicle organization, bartered beverage exchange system, or other barter system approved for tariff exemption by and justly held in good standing with the Secretary of Commerce.
[Certain dollar amounts on apparel, electronic and stuff typically sold below any possible US production amount
should be tariff exempt, not never the whole item regardless of cost. We don’t need to be importing $1,000 cellphones that
could be made in the USA for far less.]
The Secretary of Commerce may by regulation provide tariff exemptions up to the following amounts:
1. $100 on a laptop or personal computer
2. $60 on a smartphone
3. 10 cents per square inch of LCD screen
4. $45 per hard disk drive
5. $1 per first GB of solid-state memory and 20 cents for each additional GB
6. $5 on a shirt, blouse or dress
7. $4 on a pair of pants or skirt
8. $1 on an undergarment
9. $15 on a suit
10. 10 cents per inch of sewing, up to $2 on shoes and any other garment including dolls clothing
11. 80% of the genuine wholesale value of material in a garment
12. 90% of the genuine wholesale value of precious metal in an item of jewelry
13. such amounts on kitchen appliances that do not exceed
80% of values of competitively priced basic models as of June 1, 2023
14. such amounts on hand tools, powered and unpowered, that do not exceed
80% of values of competitively priced basic models as of June 1, 2023.
https://freerepublic.com/focus/f-chat/4310879/posts
“When all you have is a hammer everything looks like a nail.”
Congress can give Trump large, new, amply filled legal toolboxes.
Congress can also put restrictions on the legal tools such as injunctions used by federal judges.
District judges can be barred by name by federal statute from hearing cases where the federal government or a federally funded person or entity is a party.
The Congress has Article I, Section 8 power to make rules for the government.