Trump’s ‘America First’ trade policy puts you last

Donald Trump prepares to pick your pocket and give it to the steel industry.

President Donald Trump is ramping up his tougher “America First” trade policy with plans to revive a decades-old, rarely used law to explore imposing new barriers on steel imports, the White House said on Wednesday night.

Mr. Trump plans a signing event at noon Thursday to mark a special investigation under the 1962 Trade Expansion Act, which allows emergency trade sanctions on “national security” grounds, according to an administration statement.

The statement didn’t elaborate on the specific nature of the investigation, but people familiar with the matter said it would focus on steel imports, and that representatives of the steel industry would attend the ceremony. Another person familiar with the planned announcement said it could include other products deemed “important to defense.”

The U.S. government hasn’t used the law to impose penalties since the creation of the World Trade Organization in 1995, which discourages such unilateral sanctions. The law was most famously used by President Richard Nixon in 1971 to impose an across-the-board 10% import surcharge to contain the U.S. trade deficit at the time.

This will result in net fewer jobs in America and a direct transfer of wealth from the majority of the American people to the government and favored industry.

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25 Responses to Trump’s ‘America First’ trade policy puts you last

  1. miforest says:

    Maybe we should just give them money , mandate the use of their products to create (artificial) price supports(ethanol) and use import restriction to inflate the prices. http://thefederalist.com/2014/02/04/9-reasons-the-farm-bill-is-bad-for-america/
    just like the good Ol’ red white and blue ” pulled up by their bootstraps” American Agriculture industry.

    • Ben says:

      You do realize that even RD who has some family that benefit from the agricultural subsidies is against them the same as everyone else here.

      • R.D. Walker says:

        Exactly. With regard to ag, the government defines the game, it defines the rules, it defines the terms and it enforces them under color of law and yet I am to blame. Sheesh.

      • miforest says:

        Ok , I am corrected. I was not aware he was against them. I knew he was aware of them.

    • R.D. Walker says:

      When the Chinese government subsidizes a commodity that is sold to the US, that is a direct transfer of wealth from China to American consumers. I wish foreign governments would subsidize everything they sell us.

      • notamobster says:

        You’re damn Skippy! I wish they’d subsidized everything the ever sell the united States. I bought a 48″ LCD TV for $120 last November. Straight from China, after I flew my drone into my other one.

        Subsidize away, China!

        • R.D. Walker says:

          It amazes me how protectionists always arrive at conclusions that are exactly the opposite of correct.

          • notamobster says:

            It’s like they pride themselves on shooting their own feet… Dumb shits, if you ask me.

            This idea that cheap labor harm’s Americans makes me wanna strangle puppies. How many millions of Americans have top of the line electronics on just over minimum wage jobs?

            Swimming pools ffs… Those blue fill up pools from China that they sell at Wal Mart, or the window Shaker air conditioner? Plates, bowls, cups, silverware, blenders, damned near everything, and every bit of it at an affordable price, thanks to international trade that they want to cripple.

      • miforest says:

        The rest of the money you pay for that TV comes out of your check in the form of taxes to pay the welfare benefits of people put out of work here.
        was april 15th a bargain for you?

        The chicoms will enslave the peasants for you ,
        and you may be able to reap some small benefit net of taxes , but its not nearly what you think it is .

        • R.D. Walker says:

          Again, you get it 100 percent wrong. The cost of that TV had NOTHING to do with his taxes. America is fully, completely, totally competitve without government fucking up trade.

          Why do you despise the US so much that you think it can’t compete with China? You must really think American innovation, skill and productivity is worthless. I do not.

          • miforest says:

            the number of people out of the workforce absolutely affects government spending . and workforce participation has been falling since 2000.
            https://data.bls.gov/pdq/SurveyOutputServlet they may not be working, so uncle sam is feeding and supporting them.

            • R.D. Walker says:

              Hey, remember when conservatives said that people on welfare were “welfare queens” and stuff like “free cat food breeds kittens”?

              Yeah, I am old enough to remember when Trump wasn’t president and conservatives said that welfare caused unemployment because slack-asses would rather live on the dole than work. Now, suddenly the dole is the result of unemployment, not the other way around.

              For the record, the labor force participation rate is low but most of those not working aren’t looking for jobs. The national unemployment rate is less than 4.8%. Pre-Internet, 5.0% was considered full employment.

              Hell, in Iowa it is 3.6% and upward wage pressure is getting pretty intense.

              I am not crying any tears for the working man right now.

  2. fasttimes says:

    money is no different than any other scarce resource which has alternative uses.

    people will consume more at a lower price. if there is no price people will consume at will with no thought of waste or misuse, because after all, its “free”.

  3. BrunDawg says:

    Didn’t Rearden Steel eventually fail?

  4. neal says:

    So, helping your neighbors fo gain access to land and title by keeping business tight is a bad thing, because cheap toxic crap from China lifts everyone?

    You get a TV! The ones from the heartland are still begging for a real job.

    You fookers think selling your neighbors for a percentage is a good thing. Of course, a working class man not whored out is not a factor. We just live and die by your leave…or so you think.

    • Uke says:

      Happy 4/20, everyone.

      Or was this acid?

      • Ray Davies says:

        Nope, I’ll bet you inhaled too.

        My grandson’s teacher sent home a homework list saying 4/20 Weedend homework.

    • R.D. Walker says:

      Christ almighty it’s like dropping my bucket down a dry well.

      Propping up non-competitive steel industry oligarchs at the expense of every other American IS NOT A GOOD FUCKING DEAL for every other American. Why is that so hard to understand?

      • Uke says:

        You’re pretty good at deciphering “Tripped Out Stoner.” I could barely understand what he was saying.

        Apparently he doesn’t like Chinese goods, though. I got that much.

      • notamobster says:

        Because we can increase costs to everyone, whle enriching some donald trump types, and giving 326 people jobs…at the expense of hundreds of millions of Americans.

    • notamobster says:

      You self-righteous cock-suckers are the worst of the lot. So, you don’t benefit from chinese manufacturing, I suppose? If you say no, you’re god-damned liar!

      Everyone in this country benefits from Chinese (and other) labor, all day, every day in a thousand different ways! Your heart bleeds for the union workers who priced themselves out of a job by being greed,lazy, and less-productive.

      Americans compete – AND LEAD THE WORLD – in ways the chinese and mexicans (and other low cost laborers) never will, but unions and stupid ass govt regulations make it more cost effective to build elsewhere – and everyone benefits fro that. EVERYONE.

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