[ClearCase_guy]

It’s kind of funny, tariffs are seen as an evil cause of “trade wars” which jeopardize the entire global economy — but only when the US makes use of tariffs.

Other countries always have tariffs. No big deal. No trade war. No global economic calamity. But if the US does that sort of thing, the sky is falling. Some people think Smoot-Hawley started the Great Depression. It didn’t. And Trump’s tariffs won’t hurt us either.

We can play the game everybody else plays. They just don’t like it when we win.

[kabar]

Wilbur Ross sat down with a panel of globalists at Davos who were unhappy about the prospect of US tariffs to protect domestic industries. After listening to these Chicken Littles for a while, Ross said, "Name one country that is less protectionist than the US." Crickets. Uncle Sap has allowed the rest of the world to use our trade policy against us. They are profiting while American workers have borne the price of a declining national manufacturing and tax base.

The US is the most lucrative and biggest market in the world. We have all the leverage, but our leaders have not used it. Trump is changing that.

[Mariner]

“but only when the US makes use of tariffs”

It’s been the goal of “enlightened men” to redistribute the capital stock of the US since WWII. At the end of that war we held 75% of the worlds capital and therefore trade was a one-way gift.

The way to adjust that capital stock is one dollar at a time...the US Trade deficit.

The shocking part of it is the number of US Presidents and Congressmen that were willing to go along with it.