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trade war

News/Politics/World

Thomas Massie Backs Trump On Bilateral Trade: “His Intuition On Some Of These Things Is Right”

Although Rep. Thomas Massie (R-KY) strongly disagrees with some of the Trump administration’s trade policies, he was quick to point out some areas of common ground in an interview with Reason on Wednesday, particularly with regards to the World Trade Organization. “His intuition on some of these things is right,” Massie said. “I do not like the fact that Congress is now subservient to the World Trade Organization. Everything that you purchase has a country of origin label on it … but we were told in Congress a few years ago that the World Trade Organization had ruled and we were going… Keep Reading

Economics/Politics

Metal-import Taxes Will Make America Rusty Again

President Trump deserves applause for boosting the prospects for this county’s forgotten manufacturing workers, notably in steel and aluminum. Democrats lately have neglected these Americans. Hillary Clinton barely campaigned among them in Michigan in fall 2016, and she thoroughly ignored them in Wisconsin. Alas, Trump is doing this all wrong. He likely will hurt the very middle class that he has championed since his escalator ride onto the political stage. Trump aims to protect U.S. metal makers with new taxes of 25 percent on foreign steel and 10 percent on overseas aluminum. “Tariffs” is just a jumped-up word for taxes on… Keep Reading

News

Trump: Tariff Reductions In Exchange For NAFTA Rework

President Trump warned Canada and Mexico that tariffs on metal such as steel and aluminum will only “come off” if the nations reach a deal on a new trade agreement with the United States. “We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A. Massive relocation of companies & jobs. Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed,” he tweeted on Monday. Trump abruptly announced last week that he seeks to impose tariffs of 25% on imported steel and… Keep Reading

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