“Why is it anytime Trump initiates a policy that is not conservative, so many people float “Well Bush or Obama did it” or “Well media did not scrutinize Bush or Obama.” ??
I don’t care what WSJ did in past or says now—my opinion is not formed by their editorial boards.
Regardless of what happened a decade ago, this is going to raise the cost of gods sold—this will increase military upgrades (think tanks), it will increase cost of infrastructure spending, and it will increase consumer spending—think cars, homes, appliances etc.
I suspect any tax reduction consumers had will be eaten up in increased prices for consumer durables.”
Because the Wall St. Journal is an economic paper. I don’t trust them on this, because they defended Bush’s spending and his debt. You want American industries to die.
As a Jeffersonian, I do not like tariffs. But the real point about our military—upgrades or otherwise—is really the most compelling reason that the President had to act. Too much of our once heavy industry needs have become dependent on foreign manufacturing. This creates real danger. We won World War II when we clearly outproduced Germany & Japan by a wide margin, building far more ships & planes—for a prime example—than they were able to produce, by that wide margin.
Because the Wall St. Journal is an economic paper. I don’t trust them on this, because they defended Bush’s spending and his debt. You want American industries to die.
And because I disagree with you,
your reply: “You want American Industries to die”
That is just ignorant and obnoxious. Clearly you don’t wish to have a discussion, but I will post for other cerebral people who are actually wanting to discuss and debate.
I don’t want American Industries to die, I want American industries to be streamlined and competitive in order to survive. That is not going to happen when they are protected by tariffs. The auto industry had to go thru paradigm shifts and adjust to be able to “not die” and few would now argue that was a mistake. Automakers are on top of there game making quality products at a competitive price.
I just don’t see why we need tariffs on 2 industries that will be pivotal in the cost of our infrastructure and military spending going forward. Corps received a huge tax cut and onerous regulations are being peeled back.
Most importantly, I don’t think middle class should have to be subsidizing these industries—tariffs are a tax on the consumer—remember this next time you buy an appliance, home, car, etc. even your beer.
Oh, and you enjoy subsidizing the steel industry in your purchases, and watching your savings and 401K go down unless you invested in steel early on like Commerce Secretary Wilbur Ross...