Posted on 03/03/2018 9:13:14 PM PST by WilliamIII
“We make virtually no Iron in America. “
The US is the third steel producer in the world, behind China and Japan. This is an roof-high productivity industry, requiring lots of capital, energy and minerals and where labor cost is minor, much like plastic primaries.
So the US should be the leader and the fact it isn’t is evidence that trade accords were screwed up in favor of China.
Trump’s tariff may be good or bad overall, NOBODY knows (too many factors and secondary feedback loops are involved). The so-called experts who pretend to know and even more that would be armageddon have no credibility whatsoever.
The only thing we know for sure the current deal is a major injustice to the US and the USA’s workers (no surprise, it was made by and for treatorous Clinton, Bush Jr and Obama) and must be redressed.
Or not.
*****A large part of the economic revitalization over the past year is due to the removal of excessive economic regulation and the reduction of taxes*****(on Americans)
President Trump increase taxes and embrace regulation(on Foreigners)
Don’t be a lying shill on Free Republic.
Steel and Aluminum production requires a lot of energy. Given falling domestic energy prices it seems like it might get less expensive to make them here. Could that encourage foreign investors to invest in building steel and aluminum plants in America?
“Could that encourage foreign investors to invest in building steel and aluminum plants in America?”
I dont really believe there will be retaliation. The world is intoxicated with your spending. Also many people in other countries would love to have their most important industries protected from dumping and countries who prop up their poor agricultural practices etc. Its the globalists that are not happy. I say good job Trump
Now if Obama had mentioned Tariffs...
Was Obama’s damaging “Cash for Clunkers” actually to reclaim steel?
If anyone should know the value of tariffs, it'd be a businessman like Trump!
I'd suggest having the tariffs "sunset" in 2020. ;)
I didnt check. Did thid guy say the same thing when Obama pdid the same thing?
Just wondering?
This is assuming that tariffs are a static thing. They are not, it is like pulling back a vest to reveal the concealed-carry sidearm beneath. This squelches the bad guys, and puts them on notice that the bearer WILL engage in an exchange until and unless things get toned down PDQ.
Tariffs, or the threat of tariffs, is a tool to be used in negotiations, but like the outbreak of war when diplomacy fails, may have far-reaching effects not easily discerned in advance of the decision to proceed. An international game of chicken, much like Mutually-Assured Destruction managed the standoff that was the Cold War.
We have a President who acts in making high bids and with a will to risk a lot on important deals. This is an important deal.
Much like watching an exciting, high-stakes game of poker.
Go big or go home.
I wouldn’t worry about Kudlow. He is still on the Trump Train. The reason he is pushing some doom and gloom right now is timing, The market needs a healthy correction, we have not had much of a correction yet. 20% would be better right now. We need a base of strength to power through any Soros-created October surprises and the only way to do that right now is a correction.
So many that think the beloved Market should be able to dictate policy are concerned that Trump will “damage the economy” even as the Market tries to use itself as a cudgel....
Tarrifs are bad. Unless the other guy does it first. Then, you got to impose yours, or lose manufacturing. That happened. It’s been happening for 30 years. So Trump is fighting fire with fire. They started it.
‘Course, the COC is going bonkers. Oh well. They are anti American anyway.
Next up: NAFTA. China dumps steel and other stuff into the US through Mexico and Canada. That will stop when we end NAFTA.
‘Course, the COC...(rinse, repeat)
Kudlow has been discussed internally as a potential successor to National Economic Council Director Gary Cohn, who has announced no immediate plans to leave but has told friends he will be weighing his options over the holidays.
We cannot continue to be a nation that does not have the ability to create goods, and only be a consumer of them. When the SHTF, we would not have the resources necessary to respond as we did in both world wars. The calamity he speaks of would actually hurt the countries we acquire the majority of our steel & aluminum from, more than it would us.
As a small business owner, the last 20 years have taught me that I WANT to buy American. American supplies used to work and last. Since China took over every thing I’ve bought stuff that failed INSTANTANEOUSLY. Never happened before.
Taxes are always bad. Always.
“Taxes are always bad. Always. “
And tariff is not exactly taxes. It applies to foreigners and it’s a lever to force a cheating partner to play fair game.
I don’t think anybody can predict Trump’s tariff is bad. What makes me think it’s good is a whole bunch of talking heads who diss it are the same who predicted an economic disaster because of Trump.
With respect to tariffs, they are indeed a tax. The "statutory incidence" (who the law says pays a tax) of a tariff may be on the foreign producer. But, like all taxes, tariffs create a deadweight loss to the economy. US producers and consumers will suffer the "economic incidence" (who is harmed economically from a tax) of a tariff.
Heritage understands economics. I'm sure the Heritage Foundation understand that Americans will share in the economic incidence of a tariff. I'm sure the Heritage Foundation therefore opposes a tariff.
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