The tariffs may never be collected and if so not for long.They are a useful negotiation tool.
Is’t that the rag with the sixty year old guy in a leather jacket spokesman?
Thanks for posting. Of course you hurt U.S. manufacturing by raising the price of a key raw material, steel. Many Freepers, instead of making a rational argument, will just sputter that you are a “free traitor”.
For anyone in Europe who wants to bitch about U.S. steel tariffs: http://money.cnn.com/2016/01/29/news/economy/steel-china-europe-dumping-tariffs/index.html
The one good reason outweighs the bad, as far as I can see: It will start a debate on what is fair and unfair in trade.
Trumps steel tariffs are bad but Obama’s were apparently perfectly okay. Or, at any rate, I do not remember hearing so many people wailing about them.
It’s interesting that Democrats have convinced Republicans to follow their lead on tariffs. Tariffs are a tax.
Get into a WAR then try and import the Steel you need.....
“Free Trade” is why the Republicans don’t win the Rust Belt and in turn the Presidency. Tell me another Republican who would have one the Rust Belt in 2016?
“The domestic steel industry is not vanishing—far from it. 70 percent of the steel bought for use in the United States is produced here in the USA. Also, American steel production hasn’t changed much over the past decades. In fact, since 2010 it’s actually increased.”
Yeah, so why are so many steel mills here gone?
The neocon globalists hate tariffs with a passion, they need to bring in stuff from their outsourced polluting and slave labor factories duty free.
This is why they don’t care that others have tariffs against us.
They flip the finger to Reagan who used them very effectively, and to the founders who financed the entire nation with them till the civil war. Weird to see the GOP closely aligned with the thinking of Woodrow Wilson.
The bottom line, as a continent sized nation, the USA could exist alone as a very successful economy. Trade should only enhance our well-being, but not be used to destroy industries and the entire middle class.
Here’s the key...steel and alumininum must be mfg in the US. Having key strategic components controlled even by our allies is a huge mistake
Am I the only one, aside from President Trump, that sees the necessity of domestic production of steel and aluminum?
China sells us steel. China takes Taiwan. Any reaction by the US is met with an embargo of steel and aluminum.
This is about more than trade.
A couple arguments/considerations:
Name any two countries who have ever had “Free Trade.”
If tariffs are bad and he lowest cost goods from abroad is good, then can’t government most help the US by subsidizing or mandating the purchase of only the lowest cost goods from abroad?
Penalizing reportable income is a far worse sin than penalizing foreign goods.
I think Reason’s analysis is mostly not all that welcome on FR. It seems most here are on the side of tariffs.
Seventy years or so ago I learned about single source from the Saturday afternoon westerns.
The rancher waters his cattle from the stream that runs through his land until the evil rancher to his North decides to dam up the stream.
Any country that can not produce their defense weapons, in house, is at the mercy of the people they buy from.
You could make scary arguments not to ever drink water.
Because imports are never disrupted in time of war.
You can't start with a premise more asinine than that one,