Posted on 03/03/2018 5:50:12 PM PST by NoLibZone
Peter Navarro, director of the White House National Trade Council, defended President Donald Trump’s announcement of steel and aluminum tariffs on Thursday.
“We can’t really have a country without a solid steel industry and without a solid aluminum industry, and right now, those industries are under siege,” Navarro said in an interview on Breitbart News Saturday with Washington Political Editor Matthew Boyle on SiriusXM Patriot 125.
Navarro decried the “hair on fire” reaction from cable news and the press, calling it the “biggest bunch of horse-puckey that you can imagine.”
(Excerpt) Read more at breitbart.com ...
I think he’s been impressive in the interviews I’ve seen.
It’s been years, but I know him. He is a bright and sincere guy. My impression was that he was a good person with a conscience.
The implication of the interview is that these tariffs are targeted industry specific one offs.
Good to know.
President Trump, our most adept financial negotiator ever, closed it.
If China can't get in the back door, they have to deal through the front door and our Chief Negotiator's wheelhouse.
Of course there will be lots of screaming, hand wringing, and angst from Canada. Without NAFTA, China can't use them to get their steel here cheap. Canada no longer has leverage with China.
We do.
Cutting the Corp Income Tax was one of the best moves we could have taken.
It’s sent shock waves of Freedom all ‘round the planet.
What is so hard to understand?
Corporations do not pay Taxes out of their bottom line. If they did the Shareholder would bail and the Corp go Bankrupt, or in this case, Move Offshore, seriously damaging our economy and with steel and aluminum production, our National Security.
Calling it ‘Make The Rich Pay Their Fair Share’ is flat out Marxist nonsense.
The end consumer always gets stuck paying it as an add on to the production costs/purchase price.
I’m all in for further reducing it to 0% and wiping it off the books.
Listened to him on Breitbart radio today. Got the same impression.
Thank you.
I agree with Trump; our leaders shouldn't have done it in the first place.
I don't think we have much of the steel industry around so not prepared to speak on that, and it will raise the costs of raw materials for big and small manufacturing; however I wondered why Alcoa stock had been languishing since 2008 and perhaps before. And I didn't track it too often. It could have gotten a boost from Trump's election.
Alcoa split into two separate operations about a year or so ago, ARCONICS and don't know the other one.
But I guess barges have been transporting cheaper aluminum from China up the Mississippi past the former Alcoa plant to Clinton I think I was told. Probably not the whole answer, and there will be some ups and downs, but it should be a net positive for our country and workers.
This really vitiates the whole premise of NAFTA if it has to count Chinese steel as Canadian or even Mexican. What a rip! If the rest of NAFTA looks like this, we might as well tear it to itty bitty pieces and start back at square one.
Yes yes yes
And this also gets corporations to relocate here as well
Where safer to set up shop than the good ole us of A ?
These NAFTA flaws give President Trump all the reason he needs to shred it.
Oddly enough he’s a democrat.
bkmk
I read it more like "the field has been so tipped for so long, that it's time to keep campaign promises and start leveling the entire field - let's start with the industries that are more critical to our national defense by creating a self-controlled source of vital resources...."
It's an opening bid to see how the rest will react and to seek some leverage in the proceedings of leveling the whole trade playing field...
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