Quote:
Originally Posted by Jacky S
Or perhaps theseJudges hate The President so much that they are willing to rule in favor of the rest of the World fucking the United States on trade equity rather than letting President Trump get better trade deals.
After all, the vast majority of the Left are so ate up with TDS that they would would rather have seen a corpse or a cackling idiot be President rather than President Trump.
|
Or perhaps these judges are applying the law as it’s written. And following the rule of law is one of the reasons the USA is a very prosperous place compared to most of the rest of the world.
Free markets are another. Trump’s tariffs on toys, cheap consumer electronics, clothes and the like are an attack on free markets. They’re an attack on America. They won’t affect the wealthy that much but they’ll make the poor poorer than they would be otherwise. GDP growth will be lower than it would be otherwise. Many tariffed products will never be made in America. To the extent that they are, the American companies that manufacture the products will be less competitive in world markets and their prices will be higher than they would be otherwise. That’s called crony capitalism.
My belief is that overall the tariffs will result in higher prices, fewer jobs, and lower wages in America.
I could ask why President Trump hates America. But he doesn’t. He’s just ignorant.
Those judges made the right decision. I bet it will ultimately be held up by the SCOTUS, despite the appeals court stay. And the sooner the better. Trump’s erratic trade policies hurt America.
That said, it does make sense to produce more of the goods that are important to our national security in the USA, particularly ones that we don’t import from reliable allies. And it does make sense to take steps that would make our manufacturers more competitive and reduce our trade deficit.
On the first point Trump has been an abject failure. For example, he, like Biden, sat on his ass through his first term and did nothing to develop sources of rare earth elements and magnets. Now our manufacturers are totally dependent on China, and China has cut off supplies. How are we going to make cars, planes, advanced weaponry, etc if China doesn’t back off?
On the second point, Trump’s record is a mixed bag. His corporate tax cuts and deregulation made American exporters more competitive. But the profligate spending he allowed made the trade deficit higher than it would be otherwise.
Meandering reply to Jacky in new thread, to avoid going off topic, about tariffs
