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Tuesday, May 22, 2018

Trump's tariffs worked

In March, when President Donald John Trump threatened to impose tariffs, all the liberals in Washington (including those at the Weekly Standard and National Review) screamed Trade War.

As if we were not already in one.

I wrote, "Tariffs are a bargaining chip,"

"The tariffs will achieve his goal of getting better trade deals," I wrote.

"The Art of the Deal requires that you have something to offer the other fellow. Trump now has something to offer other countries: tax relief."

The Canadians and Mexicans promised to be nicer in the NAFTA re-negotiations.

Trump exempted them.

South Korea promised to limit their steel exports to the USA.

Trump exempted them.

Europe promised renegotiations.

Trump exempted them.

And now China has agreed to buy American.

Trump exempted them.

So let us review. Two months after Trump threatened to impose tariffs, we have trade concessions by China and South Korea, and stepped up trade negotiations with other nations.

Oh, and one more thing,

"Donald Trump is a political genius. FULL STOP. In the days after his steel and aluminum tariff announcement, I’m told union leadership in this country have been inundated with messages of support for Trump from their members. Think about it. All those crucial Midwest swing states are becoming Trump Country as he fights to save the Rust Belt. And he did this within weeks of people seeing more money in their paychecks following the Trump tax cuts," DC Whispers reported its tipster said.

The Reagan Democrats have a new home.

President Trump's plan is simple: Keep your promises.

16 comments:

  1. The American people are giving Mr. T a break on his sometimes contradictory statements because they know that at the end of the day, he’s carrying the water. “A foolish consistency is the hobgoblin of little minds.”

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  2. The Cinese lowered the tariff on American cars from 25% to 15%. The tax on a new car imported to the Philippines is 100%.
    Unfortunately, the Chinese students around here seem to be driving Porsche, McLaren, Maserati, BMW, etc. Not seeing a lot of Dodge pickups.

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  3. How do students afford Porsches, Maseratis, and BMWs? (Never heard of McLaren.)

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  4. He really hasn't done much about intellectual property. That is where the money is 3-400 billion per year. He has an electoral strategy which is good but over all it is a tough road to climb with many enemies in his own camp.

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    1. Give hime time on IP. It will be coming.

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    2. It is possible we will be stealing from them in 50 years! High numerical IQs.

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  5. They have very rich parents, very. China has more billionaires than any country. McClaren is a 2 seat sports car made in the UK. Top speed around 200+ selling for 200-600K here. The company competes in Formula 1 racing and was once dominate, not so much lately.
    The Chinese seem to be very indulgent towards their children. Apparently modesty in personal display is no longer a virtue but rather a signal of family failure.

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    Replies
    1. This is for rbr. Don's format for comments is poorly set up for phone use for some reason.

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    2. Thanks for the info! It's interesting that in some neighborhoods in the NY metro area, Chinese are paying cash--and lots of it--for properties that seem pretty small and undistinguished. Not to make deplorable racist generalizations, but in my neck of the urban woods, that's a surprising amount of revenue from a three-on-every-block 99-cent store or nail salon.

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    3. PS, in my neighborhood, Maclaren used to be the most popular brand of stroller (also made in UK). Supplanted in recent years by fancier brands, the infant-vehicle equivalent of Porsches and Maseratis. (Although in the Chinese neighborhood, which borders mine, they seem to use mostly baby slings and umbrella strollers.)

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  6. I don't mind a bit if the tariff on new cars imported to the Philippines is 100%.
    So long as they have no domestic auto manufacturing to compete and the tariff is the same for all nations.

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  7. Hey y’all, Big D and I will drive our S197 Ponies and lovin life! Anything over 350 hp will get you either ticketed or dead.

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  8. "As if we were not already in one."

    Profoundly true, Don. The Chicoms view trade as a weapon, and that's the way they play the game. We are fools to continue to let them screw us the way they have for the last 15 or 20 years.

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  9. I want to see the final deal first (same for with negotiations with North Korea) but it does appear tariffs were used for leverage (which is appropriate).

    We are still a long way from final deals with China or NoKo, but at least we have a President who is actively working on it.

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  10. There's a reason Michigan voted GOP for president for the last time before 2016 in 1988. Ronaldus Magnus had slapped tariffs on Japanese steel, cars and motorcycles. After that, Bush 41 signed on with the "New World Order" and that was that. DJT is bringing them back. I've been telling my fellow conservatives that if we can consistently win states like PA, MI, and WI, CA can go hang. DJT gets it.

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