1: a. schedule of duties imposed by a government on imported or in some countries exported goods
b: a duty or rate of duty imposed in such a schedule
2: a schedule of rates or charges of a business or a public utility
This was essentially the same definitions we were taught when I was in High School and and again in college. But apparently, many were sleeping during that class.
Now, they speak with stupidity.
This past week, President Trump's tariffs, which were imposed in April, were blocked by the US Court of Trade, to the glee of the People’s Republic. That ruling was immediately appealed, and was overturned.
Then yesterday, while speaking to the employees and management of US Steel, during the announcement that Nippon Steel was making a $14Bn investment, President Trump announced a 25% increase to 50% of tariffs to protect US Steel and other domestic steel companies from foreign competition.
Right away, the usual suspects, liberals, Democrats and the Lame Stream Media, anti-Trumpers all, began wringing their hands, wailing and gnashing their teeth that this was a horrible abuse of power. They cried that the cost of automobiles and dishwashers, housing and commercial buildings were going to cost more.
But since they don’t understand Economics 101, they look stupid since one does not need to buy these products on a weekly or other frequent basis. In addition. It is actually a false flag since the US would NOT be importing as much inferior FOREIGN Steel.
“Pittsburgh will very soon be respected around the world as the Steel City again,” Trump told the crowd.
“We don’t want America’s future to be built with shoddy steel from Shanghai, we want it built with the strength and the pride of Pittsburgh."
He is PROTECTING America’s workforce and our economy by instituting these tariffs. This is all part of his “America First” promise.
Too bad the left does not want to see America succeed on the world market, and chooses instead, to cheer for America’s failure.
No comments:
Post a Comment