Posted on 03/04/2018 3:47:42 PM PST by Kaslin
Last week President Trump announced a new 25 percent tariff on steel imports and a 10 percent hike on aluminum imports. Foreign leaders like Canadian Prime Minister Justin Trudeau called the move "unacceptable" and the European Union threatened to respond to the U.S. with their own tariff.
Try it, Trump dared. He'll just add a new tax on European cars.
British Prime Minister Theresa May shared her own "deep concerns" with Trump directly in a phone call on Sunday. What he should have done was pursue "multilateral action," May reportedly told the president.
At least one person sees where Trump is coming from.
Sen. Joe Manchin (D-WV), one of Congress's more moderate Democrats, is siding with the president in his explanation of China's trade practices.
“When you look at who produces the steel in the world, 50 percent of the steel produced in the world comes from China. The United States is the largest importer of the steel,” Manchin said.
“Connect the dots. Even though they’re saying it might not come directly from China, it comes ... through other countries.”
Knowing China's M.O., Manchin "welcomes" Trump's plan.
While other lawmakers like Sen. Lindsey Graham (R-SC) agree China is an economic aggressor, he argued Trump's tariffs will do nothing to rein them in. He's making a "huge mistake," Graham told CBS Sunday.
“Your solution has let China off the hook,” Graham appealed to the president.
What Trump needs to do, the senator suggested, was reenter the U.S. into the Trans-Pacific Partnership.
Judging by his Twitter timeline this weekend, Trump appears to have made up his mind, offering Americans this "easy" explanation for his actions.
When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!— Donald J. Trump (@realDonaldTrump) March 2, 2018
F Manchin he’s just playing the voters WV dump this coward and get an actual Republican in there we are going to need the seat.
A country needs an electronics industry in order to survive. ditto for a steel industry.
The USA didn't import hardly anything from any foreign country all the way up to 1970. CNN and the news media want you to think we need to “trade” with China so that China can destroy America for them.
We dropped the gold standard, allowing unlimited imports backed by nothing but paper.
U.S. companies have been doing that for decades. Import a shirt from Malaysia and have the buttons sewn on here in the U.S., then put a “Made in the USA” label on it.
We import less steel from Vietnam than we do from China.
Here are some numbers from 2014:
https://www.steel.org/~/media/Files/AISI/Press%20Releases/2015/IMP1412.pdf
If you look at all the different types of steel mill products, it’s clear there’s a lot of room for tacking on nominal value add at some intermediate point to evade tariffs.
The funny thing about these tariffs is that the press is calling Trump insane over 25% tariffs, while being completely blase about these other tariffs that Obama imposed in 2016:
http://www.americanmanufacturing.org/blog/entry/itc-okays-tariffs-on-steel-imports-from-china-japan
Last month, the Commerce Department announced anti-dumping duties of 266 percent on this product from China and 71 percent on this product from Japan, plus an additional countervailing duty of 266 percent on China.
I’m confused, we have a Dem agreeing with President Trump and a Republican (?) disagree with him. I know I’m a teen, but that’s crazy...
Manchin’s dog and pony show at re-election time to play act that he isn’t a Schumer aligned partisan. He cannot be allowed to get away with that yet again - he should and must be defeated.
Manchin is trying to play with the voters in WV - it’s re-election time. He is in an increasingly GOP state and wants to keep his seat - so it is time to pretend he’s an “independent” Democrat.
Even the libs agreed with Trump ...... Huffington Post — 2014:
https://www.huffingtonpost.com/usha-haley/how-chinese-subsidies-cha_b_3232213.html
obama was just too spineless to do anything about it.
I really hope he goes this time. I am sick of him playing to the right every election cycle.
Let’s hope a conservative republican takes the seat.
This clown voted against every major piece of Trump legislation. He thinks if he campaigns 6 months before the election as a Trumpian he can fool the people of West Virginia into thinking he represents West Virginia rather than the democrat party that he represented the last 5 1/2 years over the interests of the state. Fox should keep him off their air waves providing him free advertising space to the state’s conservatives
I guess the rest of the world doesn't believe in free trade.
Manchin always pretends he’s a conservative during an election year. Please, WV, vote this pretender out of the Senate.
We are on the losing side of almost all trade deals. Our friends and enemies have taken advantage of the U.S. for many years
Real Donald Trump twitter account | March 4, 2018 | President Donald Trump
Posted on 03/04/2018 6:10:20 PM PST by SMGFan
http://www.freerepublic.com/focus/news/3637234/posts
Canadian Prime Minister Justin Trudeau called the move "unacceptable" and the European Union threatened to respond to the U.S. with their own tariff. Try it, Trump dared. He'll just add a new tax on European cars. British Prime Minister Theresa May shared her own "deep concerns" with Trump directly in a phone call on Sunday. What he should have done was pursue "multilateral action," May reportedly told the president... “When you look at who produces the steel in the world, 50 percent of the steel produced in the world comes from China. The United States is the largest importer of the steel,” Manchin said... While other lawmakers like Sen. Lindsey Graham (R-SC) agree China is an economic aggressor, he argued Trump's tariffs will do nothing... What Trump needs to do, the senator suggested, was reenter the U.S. into the Trans-Pacific Partnership.
Justin Trudeau, what a cipher.
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