ZenMode
Inconceivable Member
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- 4,170
I'll say this.....1. He said that before Trump launched onto his love of tariffs and even the word itself. His view has shifted, unsurprisingly. His Fox News op-ed piece published after the election under his own byline is probably a better reflection of his views that a WSJ article reviewing a "note"
2. Having loaded guns on the table is how firefights start. The entire point of GATT and our international trading system is to take the guns off the table. Because nothing good happens when you have loaded guns on a table.
3. What event is sufficient for "discharge"? Such a stupid comment. The US is not a victim of global trade. It is the beneficiary of global trade.
Trump talks about how Europe has a tariff on passenger cars from the United States. That's true. IIRC, it's 10%. Meanwhile, the US has a bigger tariff on light-duty trucks, which I think are about 25%. Ever wonder why there are no light-duty trucks from European manufacturers? That's why. I don't know how crossovers and/or SUVs are treated, but probably not as trucks for purposes of tariffs.
So why are the tariffs organized like that? Because the EU and the US made a deal. US agreed to drop its passenger car tariff while retaining the truck tariff. The EU agreed to drop its truck tariff and reduce its passenger car tariff. I am certain that the numbers were chosen to make this a roughly equal trade in terms of dollar volume, or it was at the time. To clarify: I'm not sure that the dollar value of these specific tariffs were fully offsetting; they were negotiated as part of a huge tariff reduction agreement. The US did not give up money in terms of tariff concessions.
And one result of these tariff policies is that trucks in the US are expensive. There are no Civics around driving down prices.
4. Consider also that the global market is much bigger than the domestic market. Putting tariffs so that American companies (in theory; it doesn't happen in practice) can compete more easily in the domestic market, matched by tariffs abroad to impede competition elsewhere, is a bad trade.
For as much time as people on this site spend obsessing about Trump, it's pretty amazing that you still have no idea how he tends to operate.
Equally amazing is that you will oppose basically anything that he supports and does, while protecting Democrats. I don't doubt for a second that you believe everything that you say. At this point it's just how your mind operates.
Tariffs are a useful tool that gun should be on the table and there is absolutely nothing wrong with letting people know that you are willing to use it. Portraying yourself as weak is the true danger.
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