Yes, tariffs are taxes, and the steel and aluminum tariffs will raise prices for consumers and cost jobs in domestic industries that use those metals.
Sorry Kudlow, FAIR, reciprocal trade is a timely brick thru the window of globalism and the internationalist sperm who have squandered away America’s wealth. It’s long overdue but much appreciated in the rust belt.
The government has legitimate, and illegitimate tax avenues. Tariffs on imports was always considered the preferred and Constitutional way to raise revenue. Taxing ONE sector to protect it is not a trade war and will only have a minor effect on consumers for a short time. We must have steel and aluminum manufacturing to defend our country in time of war. Wars always come. Read a little history.
I don’t know why Larry Kudlow is making the argument tariffs are taxes? NO ONE is arguing that! WE KNOW THAT LARRY!!!
Only Larry with Globalists Bull$Hit try to resale his FAILED POLICIES. It failed for 20 plus years and was PROVEN DISASTROUS!...
It’s called reciprocal trade Larry. We tax other countries the same way they tax us.
Why????
Because if we do not the business moves to the country with the higher tariff.
Why would they do that?
Answer: Because that way they can sell BOTH to China and the United States for free.
If they stay in the United States and try to sell to China they are TAXED THROUGH TARIFFS like China Larry. Oh on top of that China manipulates the currency. It’s a rigged trading AGAINST THE UNITED STATES.
Why is this so hard to figure out???
We watched the slow industrialization of the United States?
Rigged ONE WAY TRADE that Larry loves created massive trade deficits, massive job loss, weakening of U.S. dollar, more polution (factories in countries w/less regulation), less savings, less investment in America, etc.
We were a super power with tariffs before these RIGGED ONE WAY TRADE SCAMS.
Reciprocal trade is fair
Every tariff is a trade deal. President Trump has been talking about unfair trade deals for some time, but apparently people like Mr. Kudlow must think that a trade deal must be turned into an acronym to be considered a real trade deal. Too much big picture, Mr. Kudlow. Get out of DC or NY or wherever you have cocooned yourself and get a refresher with the real world.
"But, in general, the protective system of our day is conservative, while the free trade system is destructive. It breaks up old nationalities and pushes the antagonism of the proletariat and the bourgeoisie to the extreme point. In a word, the free trade system hastens the social revolution. It is in this revolutionary sense alone, gentlemen, that I vote in favor of free trade."
Cheap import without tariffs are taxes, too.
If a person sells a product at $10, but is undercut by foreign products at $1, he has suffered a $10 loss at the hands of government. That’s a $10 tax.
Free Trade is not Fair Trade.
How can Americans with a high standard of living compete with slave labor or people living in mud huts?? That’s not fair to ask them to do that.
It just a race to the bottom when that happens.
Pure propaganda. The Depression was Hoover's fault?
I wonder how much of a threat it us to me. I don’t buy cars made in Europe and I bet that a lot of liberals do. So much for the threat from the EU.
Tariffs aka import duties are a tax on the buyer
When considering the Trump position, one should remember that he is first and foremost business friendly. He is now having meetings on various subjects with knowledgeable and affected folks. Although he makes statements that become sound bites, the most important takeaway is that he listens.
Then remembering back, the first groups invited to the White House for such sessions were many business leaders. We now know why there were several such meetings. Only so many can be accommodated by the big table. I would suspect that the actual Trump tariff policy was developed including what he heard in these meetings.
His goal is to increase sales. Sales includes export sales of products in specific countries with specific tariffs.
He will not shotgun tariffs, but using the Harmonized Tariff Code will tariff with a precise rifle to hit carefully chosen targets of countries that tariff specific American products.
Another globalist screed.
Yes, tariffs are taxes and steel and aluminum are strategic commodities which we need to be able to produce for ourselves.
So, if they even the playing field, fine. We should have them not only on steel and aluminum, but how about those subsidized Airbus jets. Especially the ones Delta prefers over Boeing?
Go Trump!
A country needs an electronics industry in order to survive
The USA didn't import hardly anything from any foreign country all the way up to 1970. CNN and the media people to think we need to “trade” with China so that America will be destroyed.
As usual, Kudlow is mired in his econ theories and seems incapable of including factors such as national defense and domestic jobs in his opinions.
Sometimes I agree with Kudlow, but over the years he has been one of the biggest, give China whatever it wants advocates with a public forum.
Throw away your econ books, Larry, and try to learn more about national defense needs and what it takes to remain an independent, sovereign nation.
Unless this is very very very selective all it’s going to mean is that whatever that product is if made out of something being subjected to that tax.
It’s going to cost you more.
Plus the country affected will retaliate by putting taxes on stuff we send them and it will cost them more. Usually it hurts our Agri business. Creating inflation and slows down economic development.
It strikes me what Trump is looking at are those thousands of small manufacturers who’ve gone out of business because of the expansion of cheap Chinese imports (of which many were design knock offs) into this country. Remember the Obama quote on MANUFACTURING IS FINISHED IN THE US.
But that was a slow gradual process when it began. Then accelerated by policy. So it should be when as we’re trying to bring small industry back.
Certain key manufacturing and re-manufacturing processes essential to defense should be targeted first and done on a very very limited basis. Because a wholesale approach would wreck our economy.
Trump's tax cuts and deregulation efforts will likely more than pay for the tariffs.
Eff NAFTA! Shut NAFTA down!!
Those #nevertrumper bush loving WTO people who oppose the 30% tarriff on steel and aluminum imports most likely are bed buddies with the koch brothers and the rothchilds
On the subject of tariffs, I trust Wilbur Ross(secretary of commerce).
I think he knows what he’s talking about.