Posted on 06/04/2018 12:57:30 PM PDT by detective
Donald Trump is following through on his threator promise, as his voters see itto impose steep tariffs on foreign goods in the name of supporting American industry, starting with levies of 25 per cent on steel and 10 per cent on aluminium imports. Allies and neighbors that had been granted temporary exemptions are now set to feel the brunt of the tariffs: Canada is Americas leading source of foreign steel, and Mexico and the European Union will also feel the pain. Theyre all threatening to retaliate, and the press is calling this a trade war.
If this is a war, its one the United States will win. The thing to keep in mind when reading about retaliation is that the US has trade deficits with all of these countriesas well, of course, with China, which is not one of Americas leading sources of steel but whose state-subsidized steel industry is responsible for depressing prices globally. Because the US buys far more goods from these countries than they buy from us, they stand to lose much more in a tit-for-tat over tariffs. How can China or Canada put tariffs on American goods that they dont actually buy? They cant, and what they do buy, while not insignificant, pales before what Americans buy from them.
(Excerpt) Read more at usa.spectator.co.uk ...
Perot was torpedoed by Limbaugh and other free trader globalist loudmouths.
Just for the record and those that might be tuning for the first time, how do you define the bugaboo you call globalism?
Symptoms
“Perot was torpedoed by Limbaugh and other free trader globalist loudmouths.”
Yup. I remember. And I bought the “free trade” rhetoric hook line and sinker.
Not anymore.
“Just for the record and those that might be tuning for the first time, how do you define the bugaboo you call globalism?”
First you explain why you characterize globalism as a “bugaboo”?
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