I never knew, and still do not know if I agree with Trump on trade. I love him everywhere else. I gladly accept the whole package
Art of the Deal, short term pain for long term gain.
Trump just bought a yuge block of union votes, as well.
His decision to slap tariffs on steel and aluminum imports from Europe, Canada and Mexico will hurt the U.S. economy, his own foreign policy and perhaps Republicans in November.
“but on Thursday he revealed he’s merely an old-fashioned protectionist.”
YAY!
WINNING!
Build a Wall of tariffs!
I would not expect a neutral evaluation from the Wall Street Journal, so I will need to see additional commentary before taking a position on Trump’s actions.
And you believe an elite controlled business newspaper?
Before Trump these companies paid more income tax, after the tarrif these companies will still have lower cost over all.
Maybe the Wall Street Journal should send their people overseas and convince those countries about the evils of imposing tariffs on American goods.
If you are a U.S.-based manufacturer and the prices of steel and aluminum rise, your most feasible options are to either use different materials or -- get this -- move your entire operation overseas so your materials aren't subject to the tariff.
“but on Thursday he revealed he’s merely an old-fashioned protectionist.”
Old fashion actually had an economy.
These folks refuse to acknowledge what Trump is against. He opposes China & others using trade agreements with Canada, Mexico, and others as a pass through scam for their products. Fake Canadian products which are actually relabeled Chinese products are getting sent into our country.
Also, he opposes foreign countries charging us, for example, 30% when we charge them only 2.5%.
These foreigners and Wall Street think these disparities are right just because former administrations have put up with it.
That’s crazy
I do have to blame Trump for one thing in this: it’s his fault that I have to see Soyboy Justin all over the television this morning. I can forgive a lot, but this is challenging.
The Wall Street Journal has an agenda. Why should we believe anything they print?
“Canadian steel and aluminum are actually integral to U.S. national defense, as Commerce’s Section 232 reports acknowledge. Mr. Trump complained that Lockheed ’s F-35s cost too much, but now he’s going to make U.S. fighter jets and other weapons more expensive, which could give Russia an advantage in international arms sales. Brilliant. Another irony is that Mr. Trump has denounced China for using national security as a pretext to promote domestic industries like semiconductors. He’s essentially doing the same.”
HAHAHA yes, the F35’s cost overruns and price tag is because of raw material costs.... Rolling eyes.
The fact anyone would make, let alone swallow this argument shows just how piss poor our educational system is in the US.
Some of the cost will be passed on to customers, some of the cost will eat into profits, some of the cost will be made up for with tax cuts.
In the end, if there is more business activity in the US, profits will increase and costs will decline as more capacity comes online.
Foreign producers are free to invest in new plant in the US.
We are over the Enemy Target .
Trump struck a heavy blow against the deep state by enacting these tariffs.
This is a matter of American security and an Art-Of-The-Deal maneuver all in one.
It is VITAL that we have the instantly available ability to produce huge quantities of steel and aluminum.
Never Trump WSJ still at it
So you dump and run with no comment?