Now, now, remember Smoot-Hawley
Posted on 03/08/2018 4:00:58 PM PST by tcrlaf
Business leaders from nearly every American industry are furious with President Trump right now.
They’ve been pressuring his administration to back off from its plan to add steep tariffs on importedsteel and aluminum, which are used to make everything from cars to boats and even soup cans.
But the president has waved off their concerns. On Thursday afternoon, Trump is expected to sign an order directing the Commerce Department to add the 25 percent levy on steel and the 10 percent levy on aluminum. He did say, however, that his administration will exempt Canada and Mexico from the tariffs for a while.
The US steel industry is quite happy about the tariffs.
Almost everyone else is upset.
(Excerpt) Read more at msn.com ...
Especially the Fake News™ industry.
If the author’s LinkedIn page is sccurate, she’s a dual citizen, US and Mexico. And a real flaming lefty.
Nuff said, eh?
Despite Fox’s resident unicorn lover Greg Gutfield’s lamentations to the contrary, the Conservative vs Liberal war is over. The real battle is globalist vs. nationalist. Or American Patriots vs. The World if you prefer.
Steel and aluminum are no. 1 and no. 2 most recycled material on earth.
It’s an upside down world. Liberals hate and fear Russians and are pro big globalist business. The exact opposite of what liberal were the Cold War.
What Free Traitors want you to believe is that the supply function is static and no new domestic suppliers will EVER come on line. Despite their best efforts to the contrary brand new factories are still being built in the USA all the time. Not as many as are closed mind you but the situation is dynamic and not static. With more domestic supply will mean pressure to reduce prices.
The mental midgets we lovingly call Free Traitors are some of the stupidest people on earth.
IMO, totally unrelated. Kimmie boy is out of money having depleted his reserves and the Trump Administration was successful in tightening the economic noose around his throat so successfully that absent any incoming money at all, Kimmie was actually getting hungry for a change. Perhaps he dropped a few pounds and got scared too.
What the Nork's have discovered is they cannot bully PDJT the way they did past Democrat and Republican Presidents and they don't have a choice but to start behaving.
The tariff's themselves had zero impact on the Nork's other than to send the message that this President says what he means, and means what he says when he says "America first!"
That's NOT something the Nork's have experienced in the last 50+ years.
The times, they are a changin'.....
That is for now. As more domestic supplies of steel and aluminum come online that increase in cost will go down. This is the starting point - not the end.
EDUCATE YOURSELF NOW! If you use this map you will quickly see that the rest of the world is VERY PROTECTIONIST. Ignorance is killing us.
Tariffs a real and permanent. We need them. They are not a chip or trick.
See, the globalists are f---ing us in so many unseen ways.
The mental midgets we lovingly call Free Traitors are some of the stupidest people on earth.
It depends...how large are their markets, how high are their existing trade barriers, and how big is their trade imbalance with the United States?
Vietnam isn't going to wield much leverage in that negotiation because its market is too small. Neither is China because their trade imbalance with the United States is so great. In addition, both have high barriers to their domestic markets.
Countries which maintain greater parity in trade with the United States and/or have less barriers to US exports are going to be more valuable to the US and thus have more leverage in negotiations.
When it becomes apparent to other countries that Trump means business, and opening their markets and shrinking their trade imbalances with the United States is the best way to gain access to the US market, the export orders will flow.
Remember Smoooooot!!!!!
>>Despite Fox’s resident unicorn lover Greg Gutfield’s lamentations to the contrary, the Conservative vs Liberal war is over. The real battle is globalist vs. nationalist. Or American Patriots vs. The World if you prefer.
I agree. That’s our version of “woke”. It’s our red pill. Once a person gets that, everything changes.
Once you get "it" you can never go back. The world doesn't look the same to a Patriot.
Patting your self on the back for sunshine patriotism is not patriotism
A traitor like you would know.
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