“I’m gonna take him (Trump) aside. I’m gonna say, “Whoever is telling you about conservatism is misleading you a little bit.” Conservatives don’t want a 25% tariff on comported Chinese goods.”
I want a Tariff on Chinese Imports. So does Michael Savage. Ronald Reagan put a tariff on Japanese imports in the ‘80’s and the Japanese built factories here.
I’ve always thought Rush to be the most intellectually consistent guy there is, but Rush is behind the curve on the correlation between deficit spending and the trade imbalance. As long as there is a massive trade imbalance the politicians will get away with spending money we don’t have. (Read Peter Schiff’s book Crash Proof for context).
Yes, Reagan did take that action. Reagan believed in free trade, as long as it was fair trade. IIRC, Reagan slapped 100% tariffs on some Japanese electronics and also imposed a heavy tariff on Jap motorcycles. The latter saved Harley-Davidson stay afloat. Reagan was the most protectionist president since Herbert Hoover.