From the article:
“In 1791, Treasury Secretary Alexander Hamilton wrote in his famous Report on Manufactures: “The wealth…independence, and security of a Country, appear to be materially connected with the prosperity of manufactures. Every nation…ought to endeavor to possess within itself all the essentials of national supply. These compromise the means of subsistence, habitation, clothing, and defence.”
If someone wants cheap imports then they need to be forced to be fired from their job since they demand other Americans get fired from theirs.
Jefferson’s Embargo killed US Trade...not the war of 1812.
this is just a weird thread.
modern tariffs gave us predatory labor unions and the worlds crappiest automobiles, just two quick examples. the proper amount of tariffs is no tariffs, which is exactly the president’s plan.
shielding anything from competition is bad for consumers, and even the industry being shielded (in the long run, at least)
people confuse an advance supply network distribution as industry. tariffs prevent are product distribution system from being exploited by other companies outside the united states and there partners that import into the united state to resell. an across the board 5 % tarif on goods would protect all industry with in the united states and restart industries like textiles that have left the united states only to be imported from third world countries that employ a population that works at slave wages.
Pat knocks it out of the park—again. Spot on.
“A free people should promote such manufactures as tend to render them independent on others for essentials, especially military supplies,” said President Washington...
It can’t be said enough: “What a man!”.
“Essentials”
No, Americans did. Tariffs are not in accord with economic freedom. They are government interference.
Income taxes are MORE intrusive than Tariffs.
So if it is all or nothing, I would rather have no income taxes and lots Tariffs than oppressive high income taxes and no tariffs.
Internal taxation is more THEFT than Tariffs.
bump
With that being said, elimination of tariffs on both sides will benefit all companies in the countries they represent..........
Id take Tariffs over income tax any day of the week.
Bump! Bump! Bump!
I wouldn’t call it a “tariff”, just an “anti-environmental, distance shipping tax”.
Local is the way to go and here is a great place to tax for externalities!
actually, tariffs are taxes.. taxes that the consumers ultimately wind up having to pay
YES some selective (and usually temporary) tariffs may be necessary to secure fair trading agreements, or to protect industries needed for national defense
but tariffs as an ongoing thing, tax and tax forever.. no way.
I believe, think PDJT understands this .. and is only applying tariffs as he sees necessary to secure better trade deals. This, if carefully pursued, could benefit USA.
If carefully pursued.