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This issue has not yet been thought through by the White House or the Congress, unless America would like to just take a passive, "international trade and globalization are normal," approach to the problem. The trouble with that is fewer jobs at home and China overtaking us shortly as the world's top economic power. Does this matter? We need to figure it out and take action if it does.
I keep saying the Democrats didn’t destroy cities like Detroit. The Globalist Free Traitors™ in the GOPe destroyed Detroit. The Democrats are just vultures picking at the corpse.
Amazing how this is being ignored by our fellow Freepers....
We need to restore the import tariffs. It would provide important revenues to help prevent increasing the deficit due to the tax cuts.
But it’s going to be a huge political battle. You have the free traitors, the moneyed interests that have gotten rich selling out America, China and other countries who have a vested interest in maintaining free access to sell into the American market.
I was surprised they passed a tax cut package without the counter balance of trade deficits. Doing both together would have reduced the chance of high budget deficits.
They may be waiting for high budget deficits to occur to make the case for raising the tariffs.
But if the economy grows sufficiently due to the tax cuts, it’s not clear that the budget deficits will get significantly worse even without the tariffs. But we still need them in place.