Rep. Markwayne Mullin: Trump isn’t starting a trade war, he’s helping to restore ‘Made in America’!
President Trump isn’t starting a trade war, and if you think he is—you’re blind to the fact that we are already in the middle of one.
Last year, the United States grew its trade deficit to $566 billion. The president is bringing everyone to the negotiating table. After the passage of the Tax Cuts and Jobs Act last December, we now have one of the most competitive tax codes in the world. It’s important that we use it to our advantage when it comes to trading goods with other countries. While other countries will continue to look out for their own best interests, I’m grateful President Trump is looking out for ours.
When our car manufacturers market cars in China, there is a 25 percent tariff added to the cost. This is not free or fair trade. However, China believes they shouldn’t be paying tariffs on products that come to the United States. Other countries feel similarly. The trade deals these countries operate under are drastically in their favor. These countries want free trade when it comes to trading with the United States, but they do not extend the same to us when we try to sell products to their countries. They claim they do this in order to protect their working class. Shouldn’t we be doing the same?
You really want to kick China, Inc. (aka: US chamber of commerce) where it really hurts?
Slap tariffs on auto parts, hardware and fasteners, finished electronic, and electronic components/semiconductors.
Oh, and do the same with Canada and Mexico, so the chicoms can’t launder goods through NAFTA countries either.
And spare me the bullshit about cost, labor, quality, regulations, etc.
I watched first hand as companies packed up their machinery and knowledge, and sold it to some government owned entity in china. The sole purpose was to increase their margin. Ask GM about “china pricing” as dictated to their tier suppliers.
The funny thing is: The price of their products only went UP.
That, along with rampant inflation, and a increasingly worthless dollar, has put the domestic manufacturing base in a real bad position.
It has become a vicious cycle.