Posted on 03/30/2016 4:29:17 AM PDT by central_va
Trump Campaign Senior Policy Advisor Stephen Miller addressed Friday why immigration and trade are key issues in the Republican frontrunner’s campaign.
“Well, there is very little right about our trade deals, there is virtually nothing right about our trade deals. We’ve been getting taken to the cleaners by every country we trade with. We have a trade deficit with almost all of our major trading partners. If you look at, for instance, say Japan, and our car trading deficit, or you look at China, where we have hundreds of billions of dollars in trade deficits, so our entire trade policy needs to be retooled,” Miller told the FOX Business Network’s Maria Bartiromo.
Miller then weighed in on some of the changes the Donald would make if elected president and how his plan differs from that of Texas Sen. Ted Cruz.
“One major change we have to make, is to stop foreign currency cheating, the devaluation of foreign currencies to put American companies out of business. And that is a big difference in this race. Ted Cruz has voted consistently to protect China and protect China’s ability to devalue their currency. Donald Trump has pledged to crack down on currency. So a vote for Ted Cruz really is a vote to offshore American jobs to China.” said Miller.
(Excerpt) Read more at economyincrisis.org ...
Like! Do you have a reference for that?
Not easily. It was from a book on trade I have packed away someplace. Read a bunch of those during the NAFTA debate. Need to dig those out now that we finally have a patriotic candidate.
;-)
"When President Reagan imposed a 100 percent tariff on selected Japanese electronics in 1987, he and the press gave the impression that this was an act of desperation. Pictured was a long-forbearing president whose patience was exhausted by the recalcitrant and conniving Japanese. After trying for years to elicit some fairness out of them, went the story, the usually good-natured president had finally had enough.
When newspapers and television networks announced the tariffs, the media reminded the public that such restraints were imposed by a staunch free trader. The less-than-subtle message was that if "Free Trader" Ronald Reagan thought the tariff necessary, then Japan surely deserved it. After more than seven years in office, Ronald Reagan is still widely regarded as a devoted free trader. A typical reference is that of Mark Shields, a Washington Post columnist, to Reagan's "blind devotion to the doctrine of free trade."(1)
If President Reagan has a devotion to free trade, it surely must be blind, because he has been off the mark most of the time. Only short memories and a refusal to believe one's own eyes would account for the view that President Reagan is a free trader. Calling oneself a free trader is not the same thing as being a free trader. Nor does a free- trade position mean that the president, but not Congress, should have the power to impose trade sanctions. Instead, a president deserves the title of free trader only if his efforts demonstrate an attempt to remove trade barriers at home and prevent the imposition of new ones.
By this standard, the Reagan administration has failed to promote free trade. Ronald Reagan by his actions has become the most protectionist president since Herbert Hoover, the heavyweight champion of protectionists...
“What the heck do you think a 45% tariff on imports will do?”
This has been discussed many times on this forum. Apparently you are to ignorant for me to even spell it out for you.
You know, socioeconomic class (ie “middle class”), is the invention of Karl Marx. When you use enemy terminology, you are well on your way to capitulating.
Trump’s theme song
https://m.youtube.com/watch?v=WIXg9KUiy00
As I said, retaliatory tariffs to punish a country for blocking US imports is one thing, but that’s not all Trump is talking about. He is also talking about tariffs for the sole purpose of protecting American industry. Trump is advocating the very thing the Japanese were doing that angered Regan
This is the silliest thing I've seen in a long time regarding trade. We cut tariffs down to almost nothing in the 40s and we did just fine technologically until the liberals over-expanded government in the late 60s.
Reagan imposed semiconductor, motorcycle, and auto restrictions expressly as a protectionist measure. None of Reagan’s import restrictions effected a change in Japan’s import policy.
Japan didn’t use tariffs during Reagan and they still don’t.
They employ far more effective non-tariff barriers in order to severely restrict access to their home market. China uses a similar policy.
The 1940’s we were fighting WWII. I was talking about the first half of the 19th century when countries either industrialized or missed the boat. Surly you can follow a simple conversation. Try to keep up.
End The Fed!
I’m a Cruzer. If he chooses a GOPe for VP I would not vote for him. How about you and Trump?
Ted’s against outsourcing!
(Unless it’s for the job of POTUS, and then he thinks a Canadian can do it better)
yep
bkmk
lol, doesn’t get any clearer than that!
You implied a country can't industrialize without tariffs. WWII was over in 1945, and about the same time tariffs were near 0, and we industrialized just fine until government was grown out of control by Johnson.
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