Worry not, I don't think he has a "position" on this at all.
According to two officials, Trump's decision to launch a potential trade war was born out of anger at other simmering issues and the result of a broken internal process that has failed to deliver him consensus views that represent the best advice of his team.
On Wednesday evening, the president became "unglued," in the words of one official familiar with the president's state of mind.
A trifecta of events had set him off in a way that two officials said they had not seen before: Hope Hicks' testimony to lawmakers investigating Russia's interference in the 2016 election, conduct by his embattled attorney general and the treatment of his son-in-law by his chief of staff.
https://www.nbcnews.com/politics/white- ... ls-n852641
It's nice to see our leader exhibit his "stable genius" like this.
So that's why you do a victory dance every time Trump's approval rating rises above the mid-30s...thanks for looking out for us
"How stupid is our country?"
"How stupid is our country?"
Many, many things. Do you truly see this man as a good president?
We don’t comprise the entire market. Either way, putting a tariff on anything is bad economic policy.John Q. Public wrote:So put a tariff on Chinese steel to bring it in line with the market price. We get very little from China, anyway.
Trump mistakenly thinks we benefit from eliminating our massive trade deficit if we got into a trade war. That would shrink overall demand, create lower paying jobs, lead to higher unemployment, less innovation, lower GDP, and likely strong inflationary pressure.
I agree it’s dumb economic policy but want to clarify it doesn’t raise manufacturing and construction costs 25%! Steel and aluminum don’t come close to 25% of a company’s cost of goods sold let alone overall expenses. It wouldn’t even necessarily raise domestically produced steel and aluminum prices by 25%....John Q. Public wrote:A blanket tariff that raises American manufacturers' and builders' costs by 25% is incredibly stupid economic policy....
You are probably more of an expert on trade than I am, but your list doesn't mention that China is dumping cheap steel into lots of countries...possibly even some of the ones on your list. If China manages to put some of those country's steel mills out of business too (as well as ours), that affects us also.John Q. Public wrote: Here's a list of where our imported steel comes from:
1. Canada 16.7 percent
2. Brazil 13.2 percent
3. South Korea 9.7 percent
4. Mexico 9.4 percent
5. Russia 8.1 percent
6. Turkey 5.6 percent
7. Japan 4.9 percent
8. Germany 3.7 percent
9. Taiwan 3.2 percent
10. China 2.9 percent
11. India 2.4 percent
White House trade adviser Peter Navarro was interviewed by Chris Wallace on Fox, and while Wallace conceded that Navarro is a 'very good economist, the interview was very contentious. Anyway, Navarro answered exactly those two questions. According to Navarro:
On a $30,000 car...$175.00 per/car
On a $330 million Boeing 777...at the worst $25,000
Navarro says that if Trump takes no action, the US Aluminum industry will be gone in 1 or 2 years, and the steel industry in 4 or 5 years.
Of course he's not to be questioned on this statement, it's to be taken at face value...right?
Something that I haven't heard mentioned in this is what exactly is meant by "steel" or "aluminum"? What form are we talking about? Sheet? Bar? Wire? I-beams? Bushel baskets? Finished products? Raise the price of steel rods "somewhere between 1% and 25%" (for BBB) and China could just as easily "dump" crankshafts and axles. Raise the price of wire and they can dump nails and screws. Er, wait. They already did that.
Professor, if you see China dumping metals on other countries as a potential problem, our putting tariffs on them would only exacerbate that by taking away one of their markets. They'd have to do something with their excess. And it would likely lower the price because it is excess.
John Q. Public
For a Republican he used the "American are willing to pay more" a lot of times in his interviews on the Sunday shows.
Probably why the staffers who were actually working on the thing all said "WTF?" when Don made his announcement. I don't expect him to know everything that's involved in creating a tariff but it seems like any other president would at least have had a clue. And I imagine the others would have broken the news to Wall Street a little easier.
John Q. Public
We are, huh? This "making America great again" thing is getting expensive.
John Q. Public
That's my point, there is no "winning" to be tired of.Professor Fate wrote:Well, let's see. My 401K is way up, Most of Obama's legacy is gone, Neil Gorsuch on the SCOTUS, tax reform, immigration crackdown...what's to be tired of?
1. Thanks to the Trump Crash, your 401K is "up" at the same rate as it was the last two years under Obama...push
2. "Most" of Obama's "legacy"? Huh? Feelings aside, how about something concrete?
3. Gorsuch was Mitch McConnell's doing, that was as much a Trump "accomplishment" as those Thanksgiving turkeys he pardoned.
4. Tax reform? Really? Are you a big corporation? If not, you will probably be more impacted by the effect of the huge increase in the debt on interest rates (and servicing it with budget cuts) than you will be by the huge corporate giveaway.
5. The "immigration crackdown" is a myth...compared to Obama, the total number of deportations actually declined in Trump's first year to their lowest level since 2006...he in fact screwed up the system with boneheaded changes that he has had to undo when they proved to be making things worse. And a year in and he still hasn't hired the new immigration judges he said he would.
So there's the "plusses" you cited. Now on the negative side...