Posted on 11/28/2024 6:06:57 AM PST by Diana in Wisconsin
Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries.
The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared.
This time, though, his tariff threats might be different.
The president-elect is talking about going much bigger — on a potential scale that creates more uncertainty about whether he'll do what he says and what the consequences could be.
“There's going to be a lot more tariffs, I mean, he's pretty clear,” said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing.
The president-elect posted on social media Monday that on his first day in office he would impose 25% tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States.
Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term. But on Wednesday, Trump posted on social media that he had spoken with Mexican President Claudia Sheinbaum and she had agreed to stop unauthorized migration across the border into the United States.
Trump also posted on Monday that Chinese imports would face additional tariffs of 10% until Beijing cracks down on the production of materials used in making fentanyl.
Business groups were quick to warn about rapidly escalating inflation. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries.
*SNIP*
(Excerpt) Read more at channel3000.com ...
Trump uses the threat of tariffs as leverage to achieve his policy objectives, not necessarily the actual imposition of tariffs.
And Trump’s policies obviously greatly benefitted the economy and all Americans.
“ Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term”
Those threatened tariffs could shut down the flow of illegal immigration and never add a penny to the cost of an import, also. That part is never stated.
EC
BTTT
Trump’s tariffs in his first term did little to alter the economy, but this time could be different
Baloney
Asians buy Asian products, so tariffs on American products don’t affect their buying habits much.
But it does effect Asian companies selling goods in US
The thing about a Trump is he will fix the economy. He is not ideologically wedded to any way to do it. If there is a net positive to any given move fine. If not, try something else.
Biden messed it up so bad, Trump could throw darts at a dartboard and have a positive impact on the economy.
[...]
♦ President Trump’s foreign policy approach brought North and South Korea together away from the table of conflict.
♦ President Trump’s foreign policy approach brought Serbia and Kosovo together away from the table of conflict.
♦ President Trump’s foreign policy rallied the Gulf Cooperation Council to stop Qatar’s support for Islamic extremists via the Muslim Brotherhood.
♦ President Trump’s foreign policy brought Turkey and the Kurdish forces together away from war and conflict.
♦ President Trump’s foreign policy created a ceasefire to stop the bloodshed in Syria. President Trump mediated a cessation of hostilities between India & Pakistan in the Kashmir region.
♦ President Trump’s foreign policy brought Israel and the UAE together… and then Bahrain… and then Sudan in the Abraham Accords.
President Trump executed a clear foreign policy, a unique doctrine of sorts, where national security is achieved by leveraging U.S. economic power. It was a fundamental shift in approaching both allies and adversaries; summarized within the oft repeated phrase:
“economic security is national security.”
[...]
Carrot and stick.
Works every time it’s tried.
Thank God for President Trump!
Another lie.
Industry is slow moving, slow to leave, slow to come back.
It was coming back before COVID, and the Chinese were panicked. Then the Wuhan virus was released……..(it wasn’t bat soup)
Biden took Chinese money and killed the Tariffs. He wasn’t working for Americans.
Tariff away!
Prior to the 1900s, the government almost solely funded itself with tariffs. The leaders in DC actually held to the idea that central government was a bad idea and should be limited. But beginning with the election of Andrew Jackson, the democrats started to believe they had a better idea...so very nifty for them, not for us.
Any revenue taxation before this was limited and temporary,(i.e. to fund the Civil War, for instance) but as talk started getting serious about an “income tax”, it was taken to the Supreme Court who ruled it unconstitutional based on the 4th amendment in the 1890s. Not that the SC has kept the democrats, and a few raggedy rinos, from doing what they please. Come the early 1900s, they were just beginning to gain their steam, which has just been growing ever since. Boss Tweed taught them everything they needed to know to build and cement their power, and build a monstrous, rotten government swamp.
In spite of the SC’s ruling, they put together the 16th and sent it out to the states and got it passed (by 81 million votes!)- see how they do this?
It takes a lot of money to build a swamp and the ‘RATs will not be denied.
Trump had other uses for the tariffs he imposed, and I never had a problem with them. He used them to bring hostile nations to heel and they worked. That he used them at the same time that he cut our taxes created an excellent economy that WORKED. When you speak of his economy, you can’t separate one issue from another, especially if they create a successful outcome.
The leftist talking points are lies and a narrative they can’t support, for the “useful idiots” to grasp onto and continually repeat, no matter how ignorant it makes them sound....and the AP leads that group.
When other countries close their markets to us while we grant them free access to ours, that is called free trade.
When we treat them back just the way they treat us, that is called “imposing tariffs.”
Closing markets they need access to for their exports would cripple them
yes, seeing that Bidung never touched the tariffs that trump put in place.
“[Trump] used [tariffs] to bring hostile nations to heel and they worked. That he used them at the same time that he cut our taxes created an excellent economy that WORKED. When you speak of his economy, you can’t separate one issue from another, especially if they create a successful outcome.”
*BUMP* Well said!
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