We don’t know what’s in it, as usual.
Easy assumption is that it’s bad since Obama likes it.
The fact that the far left/unions/socialists hate it is a good sign though, so maybe it’s a mixed bag.
Doesn’t matter, it’s obviously a done deal.
We can’t protect our way to fair trade anyway, we have to compete our way there. Distorting markets with tariffs etc. won’t get us anywhere but stagnation. American workers have to learn how to do more advanced things than producing t-shirts, flipping burgers and bolting together assembled parts. Unless you like being stuck in the 19th Century.
So its the American Workers fault?
Like all the SCE IT workers who got outsourced to H1B’s
I know an Engineer who had to train his Foreign replacement 2 times. He gave up being an Engineer to be a teacher. That is not a gain for the economy.
The market is ALREADY distorted...wage disparity...social welfare disparity...tax disparity...health, safety and environmental disparity.
Tariffs are a way to bring back balance.
We don't live in a Smithsonian Capitalist fantasy land. We live in a world of nations with wildly differing social and economic structures...interwoven with determined mercantilists.
If we do not protect our interests, we will cease to exist.