Posted on 03/02/2018 10:33:54 AM PST by Yo-Yo
When U.S. president Donald Trump announced sweeping new tariffs of 25 percent on imported steel and 10 percent on aluminum Thursday, the world’s commentariat broke out in a frenzy of condemnation. Trump was accused of playing politics in a way that could “destabilize the global economy.” It was said that Trump’s actions could “bring global trade growth to a halt” (notwithstanding the fact that levels of global trade have already been declining since 2011). His critics screamed “trade war.” Canadian and European leaders immediately threatened retaliation. China didn’t, but American China experts predicted that Beijing soon would.
It is likely that few, if any, of these experts have read the two detailed Commerce Department reports that prompted the tariff decision, or the Defense Department memo endorsing their findings. The goal of the tariffs proposed by Commerce and endorsed by the president isn’t to punish Chinese dumping or put an end to free trade. It’s to ensure that the United States retains any domestic steel and aluminum production at all. Like President Barack Obama’s controversial auto industry bailout in 2009, these tariffs are about keeping an industry for the future, not about making it profitable today.
(Excerpt) Read more at nationalinterest.org ...
There's a new Sheriff in the White House, and he's done blinking.
Go Trump!
A country needs an electronics industry in order to survive
The USA didn't import hardly anything from any foreign country all the way up to 1970. CNN and the media is crying wolf because the media want you to think we need to “trade” with China .
The important thing is not the tariff itself. It’s the signal it sends that WE control our trade policy. Not the WTO, nor any other globalist organization.
President Trump knows what to do and when to do it.
I vote for and trust President Trump.
The World can go fish.
This is crazy. How can the Bay Area build and maintain its bridges without Chinese steel or the rails for California’s bullet train between Bakersfield and Modesto?
Pete Navarro said this morning the tariffs would raise the price of a six pack $.01, a car $45, and a 747 $20k.
I’ll gladly pay that, but remember the corporate tax went down 14%, they might not raise prices at all.
Expect NO BLINKING from Trump for the next 7 years!
This World Government they talk about ,would it be Free and Democratic , Religious and Oppressive or Communist ?
That World Government would be a blend of arrogant, incompetent and corrupt. Pretty much like what you see in Merkel’s Germany.
Precisely. Trump is looking out for our interests and not any other governments as many like China massively subsidizes their nations businesses operating costs in order to unfairly target or compete against American owned or based businesses. If an American loses their job due to these unfair and predatory business practices what good does it do to be able to save a few bucks on buying another nations products?!
The World and Levin cry wolf.
When U.S. president Donald Trump announced sweeping new tariffs of 25 percent on imported steel and 10 percent on aluminum Thursday, the world’s commentariat broke out in a frenzy of condemnation. Trump was accused of playing politics in a way that could “destabilize the global economy.”
Yeah, bite me. The US has for years been the most open of any of our partners (think Japanese “safety inspections” for US cars that are a significant portion of the cost of the vehicle) and have been getting screwed for it. Long past time to be closed till they all open up. And even if everyone stays closed or somewhat closed, then at least all those countries still preserve an industrial base in all those sectors, even if it’s somewhat less efficient economically.
Some Brexit bull sht going on. Why do you think the Chinese do not
go into a trade war they know we would win and instead appeal
to the WTO big brother to complain and gang the world
up on Trump in “solidarity”?
Thank the Bush-Clinton mafia for setting up this WTO fascist-communist unity against the US
The media is really freaking out about this. Hilarious. Then they claim it’s why the stock market is down. I got forced to listen to npr and nearly vomited after listening for only 10 minutes. National propaganda radio!
The world forbids US products and tariffs the crap out of us and American pussies just take it and claim we shouldn’t respond in kind.
“There’s a new Sheriff in the White House...”
Yep. And you’d think folks would begin to ignore all the histrionics that erupt when Trump makes a policy announcement (tax cuts, embassy in Jerusalem, etc.).
Trump wasn’t elected to do the same old, same old.
Oh No , eBay items ,they’ll take your money and not ship your package , Oh wait
F em. I know a LOT of Amazon and Ebay sellers who are hurting because of the China and HK sellers who sell ship everything for dirt cheap. Good for buyers but good luck on getting sh*tty stuff that are not up to standards.
>>>The goal of the tariffs proposed by Commerce and endorsed by the president isn’t to punish Chinese dumping or put an end to free trade. It’s to ensure that the United States retains any domestic steel and aluminum production at all.
So how do we square this view that it’s about national security rather than fair trade with the President’s recent Tweet about reciprocal tariffs to wipe out the trade decicit?
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