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Trump's view of "free trade":
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Posted by: TEEBONE ģ

03/10/2018, 18:21:36

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President Trumpís Golden Rule of trade


President Trump knocked over several apple carts when he signed an order imposing tariffs on imported steel and aluminum.

He upended decades of free-trade dogma that prevailed in Washington whatever party held power.

He rejected the ivory tower theories that created the economic nightmare that has destroyed the American middle class.

President Trump appeared in the Roosevelt Room of the White House with
the union men and women who make aluminum and steel, he remade the GOP
into Trumpís party of working people, ending the Democratsí claim to
that banner.

And he told the geopolitical strategists at the State
Department they would no longer sacrifice jobs and industries in the
American heartland to buy votes in the U.N or basing rights on the other
side of the world.

President Trumpís 25 percent tariff on steel
and 10 percent tariff on aluminum is the first step in rewriting the
rules of global trade. The era of $800 billion annual trade deficits
with the rest of the world is over.

The master strategists of the
State Department used trade as an aid to build up countries around the
world, allowing them duty-free access to our consumer market even as
they protected their own home market from our imports.

The suits
and geniuses told us that as these countries grew more prosperous, they
would become more democratic and would be our allies. China proved them
spectacularly wrong.

In response to the utopian platitudes of the
globalists promising universal peace through free trade, President Trump
invokes Matthew: I came not to send peace, but a sword. We will stand
up for America First.

He also invokes Luke: we will do unto others
as they do unto us. Our foreign trade policy will be guided by the
Golden Rule. The goal is balanced trade.

If a country levies a 25
percent duty on imports from America, we will levy a 25 percent duty on
their goods coming into our country.

An American car going to
China pays 25 percent import duty. A Chinese car coming to the United
States only pays 2.5 percent duty, a tenfold difference.

China has been the most notorious cheater, flagrantly violating every
agreement it made when we let it join the World Trade Organization,
China is not the only cheater.

India has benefited most from a trade policy hatched in the 1970s to promote global development.

We opened our market to Indian businesses, allowing them to sell, tariff-free, everything from textiles, gems and jewelry to manhole covers.
Indiaís products were more attractive to American consumers than
similar products made by manufacturers in other countries and even in

But in return, Indiaís government has been working overtime to keep American products and businesses out.

Davidson, one of the most iconic American companies, is subject to a
100 percent tax on its bikes in India. Doubling the price of a Harley
means Indians drive Indian and Japanese motorcycles, not American.
Agricultural goods donít fare any better. India uses protectionist
regulations to effectively ban American dairy, wheat and barley.

As a result of this one-way policy, the United States has a nearly$30 billion trade deficit with India.

Trump promises our trade with allies will be reciprocal: countries
receiving access to our market must provide fair access to their

India will be an important ally in meeting Chinaís
challenge to Americaís economic and military pre-eminence. But as
President Trump made clear, it will have to obey the Golden Rule of


Democrats wouldn't buy a clue if it was government subsidized.

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