Tuesday, March 06, 2018

The Chicken Littles Are Hammering Trump on Trade, but Charles Payne's Truth Bombs Blow Their Theories to Smithereens - Scott Morefield

The Chicken Littles Are Hammering Trump on Trade, but Charles Payne's Truth Bombs Blow Their Theories to Smithereens - Scott Morefield:
"President Trump’s Thursday decision to begin the process of keeping his campaign promise to protect the American industrial base by imposing tariffs on imported steel and aluminum has seemingly gotten everyone in a tizzy, oddly uniting Big Business, top globalists, the IMF, the GOP Establishment and even liberal Democrats, all of whom never agree on anything yet are united that this particular decision will mean nothing short of an economic apocalypse for the United States.
Truly, to hear these folks tell it we’re looking at an economic scenario to rival the bleak hellscape of The Walking Dead, minus the zombies (unless you count liberals as zombies, which arguably wouldn’t be that far off).
...Liberals, too, are in agreement. 
The folks at Vox think Trump “decided to put the global economy at risk because he was in a pissy mood.”
...Fox Business host Charles Payne, who says he is not a “protectionist” but wants, like most people slandered with the term, fair trade for all. 
...As Payne brilliantly points out, despite the grim prognostications of those who seemingly know better, tariffs not only have worked for America in the past, but are currently working for our competitors now.
...Here are a few more truth bombs from Mr. Payne:

  • “Let's be clear, the EU is against tariffs when America uses or considers them but they levy 10% on all US car imports we only have a 2.5% rate on their car imports. #justsaying”
  • ...In a piece last July arguing against Trump’s trade policies, even the Atlantic had to admit that “Many economists and industry experts agree that the United States faces unfair competition and artificially low prices that have damaged the domestic steel industry.

“But they don’t agree that a tariff is the right approach for addressing the problem,” the piece continued, because tariffs “could backfire,” or something.
Sure, it’s a nice argument, but if tariffs have worked in the past for the United States and continue to work for the rest of the world, it’s not one bolstered by history or reality..."
Read it all!

No comments: