Posted on 01/28/2016 11:55:58 AM PST by AngelesCrestHighway
Donald Trump is right when he calls for high trade tariffs to protect American jobs, according to one brave economist. The Republican presidential candidateâs protectionist rhetoric has been playing well with voters heading into the primary season. But Trump has been attacked by economists and the media for violating the sacred belief that free trade is always a good thing, writes Peter Morici, a professor at the University of Maryland. Morici argues that China hasnât been playing fair, however, and says the artificially weak yuan has cost America hundreds of thousands of jobs. âTrumpâs proposals for fixing trade â starting with China â address the salient issues of currency, trade barriers and subsidies,â Morici wrote on Newsmax. A recent academic study by three prominent labor-market economists found Chinaâs entry to the global trading system 15 years ago has caused deep and lasting harm to Americans.
(Excerpt) Read more at marketwatch.com ...
Tariff Act of 1787: Whereas it is necessary for that support of government, for the discharge of the debts of the United States, and the encouragement and protection of manufactures, that duties be laid on goods, wares and merchandise:"[1]
Some consider our founding fathers very patriotic. How about you?
It doesn’t matter, what the ChiComs would do is lower their price to offset the tariff and devalue their currency again. The could do that for a while but we would be balancing our budget and strengthening our currency.
ok lets do the same to the CICOMS.
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