Certain people around Trump either don’t get it or think we will forget why Trump ran and won in historic fashion – to protect American jobs.
These “advisers” think we don’t have to change anything, especially when it comes to China.
They seek to appease rather than engage and get a better deal for America.
In other words, they were shocked this morning when Trump dropped the hammer on China this morning.
From Business Insider:
President Donald Trump on Monday caught the eye of economists and policy analysts with an offhand comment that suggested a significant shift in American’s trade policy.
Trump said his administration was looking into a “reciprocal tax” on imports: “We won’t charge them anything and we send them our product, same product as they’re sending us; and they’ll charge us 50 and 75% tax — and that’s very unfair,” Trump said during a White House meeting. “So we’re going to be doing very much a reciprocal tax, and you’ll be hearing about that during the week and during the coming months.”
The liberals are horrified, as usual, and have all trotted out their statistics to back up their spurious claims.
Chris Krueger, an analyst at Cowen Washington Research Group, downplayed their hysteria saying:
“In theory, Trump’s reciprocal tax would re-set the US tariff on all foreign imports to the tariff from the similar U.S. export,” Krueger said in a note to clients. “While some might see this as the opening of a global trade war to end all global trade wars, some in the White House (likely including the Commander in Chief) believe that the U.S. is already in a global trade war…and losing bigly.”
It really is a simple equation. If they want to tax our goods, we will tax theirs. Simple…and a long time coming.