It's not in our interest to artificially prop up industries that are no longer profitable.
Make America competitive by repealing regulations and keeping taxes low--don't try to step in front of an economic train with new regulations that limit Americans' economic freedom. Protectionism always fails in the end.
don't try to step in front of an economic train with new regulations that limit Americans' economic freedom. Protectionism always fails in the end.
Tell that to Alexander Hamilton.
Tell those americans working in foreign auto plants that make light trucks. the tariff on light truck imports is the reason why Toyota, Nissan, etc al, are building pickups in Texas and Alabama.
if the current free trade policies continue - we will lose the private sector middle class in the US.
In the end we all will be dead.
.....sounds nice until you factor in Chinese working for 80 cents a day. Then your theory gets blown out of the water. This is where tarrifs come into play.
"Protectionism" (Tarrifs) are what was origionally supposed to fund Uncle Sham, before income taxes.