On June 11 2018 05:14 A3th3r wrote:
Yep. Fines & counter-tariffs do work in a sort of system of checks & balances. I think the issue here is that the "do no harm policy" doesn't necessarily seem to impact Trump very much, & the guy is doing a lot more than most presidents try to do. Usually presidents try to show up to the important meetings & let congress sort out the specific details as they see fit, & they will maybe chime in with their point or two of things that they want changed. What's happening here is people are harming Trump, then getting mad when he harms them, & there are these sort of "tit-for-tat" exchanges that occur. It is weird that there is such angst about the president being protectionist. That said, I'm actually in the camp of folks that thinks he is being a little TOO protectionist of local industrial interests & could be a little more "pragmatic-minded."
Yep. Fines & counter-tariffs do work in a sort of system of checks & balances. I think the issue here is that the "do no harm policy" doesn't necessarily seem to impact Trump very much, & the guy is doing a lot more than most presidents try to do. Usually presidents try to show up to the important meetings & let congress sort out the specific details as they see fit, & they will maybe chime in with their point or two of things that they want changed. What's happening here is people are harming Trump, then getting mad when he harms them, & there are these sort of "tit-for-tat" exchanges that occur. It is weird that there is such angst about the president being protectionist. That said, I'm actually in the camp of folks that thinks he is being a little TOO protectionist of local industrial interests & could be a little more "pragmatic-minded."
Trump's doing the harming first, where do you get the idea that "people are harming Trump?" It isn't Europe bringing back old school mercantilism (not even state capitalism) from the grave, its Trump who believes its still a valid economic policy in this day and age where everything operates in a giant global supply chain.
Tarrifs only work when you target specific industries that are actually killing local producers. The perfect example were Reagan's tarrifs on Honda motorcycle imports to help Harley Davidson regain some footing in the domestic market because they were getting beat both in cost and quality. Putting tarrifs on Canada steel and aluminium isn't protectionism, its nothing but sheer pettiness. There's no other reason because there was nothing hugely wrong with the current arrangement between the US and Canada. The entire Great Lakes region is basically a huge supply gain where both Canadian and American companies mutually benefit from location, this isn't a case of Canada freeloading off America or something else stupid.
The angst isn't about the President being protectionist, its him not understanding the first thing about protectionism. The idea that he'd tank the Canada-US supply chain while simultaneously contemplate reducing barriers for Russian metal products since Magnitogorsk in Ohio wants it can only be described as hilarious. But that's where we are today in current day US economic policy.