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Tag Archives: trade

Trump Putting Together Massive China Tariff Package

The Chinese have been stealing our technology and cheating on trade for years, and we do nothing about it because businesses think it’s still worth it and past administrations don’t want to pick a fight.

President Trump was elected on a nationalist platform that includes standing up for the United States. We shouldn’t be such pussies and worry about how other countries will respond. They need us, and they will come to an accommodation that is better for the United States than the status quo.

Remember – Washington never gets this, but New York might – with Trump, everything is a negotiating tactic. Everything is an opening bid. He’s looking for a better deal, but Washington always things he is trying to roll over people. Whatever he proposes on China is not where he expects to end up.

From the Wall Street Journal:

The Trump administration is putting together a package of anti-China measures, including tariffs on at least an annual $30 billion of Chinese imports, to pressure Beijing to end requirements that U.S. companies transfer technology to Chinese firms.

According to a White House official and people briefed on administration deliberations, the measures are the next part of an administration trade policy aimed at reducing the enormous U.S. trade deficit. President Donald Trump has said that he wants China to come up with a plan to slash its $375 billion merchandise trade surplus with the U.S. by $100 billion.

The measures, which are expected to be announced in the next week or two, arise from administration findings that China has violated U.S. intellectual property laws and has unfairly pressured U.S. companies to transfer technology. The administration, according to the individuals involved, estimates the damage to U.S. companies from forced technology transfer at $30 billion annually. The administration has been working for months on a report laying out the evidence for their allegations.

No final decisions about retaliation have yet been made, according to a White House spokeswoman.

Trump Keeps Promise to Confront China, Assess Steel and Aluminum Tariffs

This is why Americans – and yes conservatives, evangelicals, and what was once called the “moral majority – put President Trump in office. Despite his deep flaws, he is a man who is able to stand up to pressure, who despite all the press about him wanting to be liked doesn’t care what people think, and is willing to do what is right. To resist many of his own economic advisors, the Washington establishment, the lobbyists, and the press and do what he thinks is right for American workers. American people got this, even if elite opinion did not.

I remember when I was growing up, U.S. Steel, that was the ultimate company. And today, you have so many closed plants. And the NAFTA deal was a disaster for our country. The WTO has been a disaster for this country, for our country. In fact, the rise of China, economically, was — if you look at it — directly equal to the date of the opening of the World Trade Organization. It has been great for China and terrible for the United States, and great for other countries. But terrible for the United States.

So we’re talking about it, and two of the groups that I want to do some very fast action will probably have everything completed by next week. We’ll be imposing tariffs on steel imports, and tariffs on aluminum imports. And you’re going to see a lot of good things happen. You’re going to see expansions of the companies.

What’s been allowed to go on for decades is disgraceful. It’s disgraceful. And when it comes to a time when our country can’t make aluminum and steel — and somebody said it before, and I will tell you, you almost don’t have much of a country. Because without steel and aluminum, your country is not the same. And we need it.

We need it even for defense, if you think. I mean, we need it for defense. We need great steelmakers, great aluminum makers for defense.

So we’ll probably see you sometime next week. We’ll be signing it in. And you will have protection for the first time in a long while, and you’re going to regrow your industries. That’s all I’m asking. You have to regrow your industries.

Trump at Davos Takes Tough Line on Trade

President Trump today refused to back off his contention that trade needs to be “fair” as well as “free,” maintaining a campaign promise that he will take measures on trade designed to protect American workers from unfair overseas practices.

Trump spoke at the annual World Economic Forum in Davos, where the concepts of globalism and unfettered free trade are central. In a sense, he went into the belly of the beast and gave it a bit of indigestion.

But Trump was also quite solicitous toward the group, commending them frequently and using the speech as a method of advertising that the United States is once again open for business.

From Trump’s speech:

We cannot have free and open trade if some countries exploit the system at the expense of others. We support free trade, but it needs to be fair and it needs to be reciprocal. Because, in the end, unfair trade undermines us all.

The United States will no longer turn a blind eye to unfair economic practices, including massive intellectual property theft, industrial subsidies, and pervasive state-led economic planning. These and other predatory behaviors are distorting the global markets and harming businesses and workers, not just in the U.S., but around the globe.

Just like we expect the leaders of other countries to protect their interests, as President of the United States, I will always protect the interests of our country, our companies, and our workers.

We will enforce our trade laws and restore integrity to our trading system. Only by insisting on fair and reciprocal trade can we create a system that works not just for the U.S. but for all nations.

As I have said, the United States is prepared to negotiate mutually beneficial, bilateral trade agreements with all countries. This will include the countries in TPP, which are very important. We have agreements with several of them already. We would consider negotiating with the rest, either individually, or perhaps as a group, if it is in the interests of all.

Trump Begins Withdrawing the U.S. from TPP

So are we going to start seeing stories in the press about Trump keeping his promises? From the Examiner: President Trump signed a notice of intent to withdraw from the Trans-Pacific Partnership Monday, kicking off the highly-anticipated process of withdrawing the U.S. from a trade deal that has become deeply unpopular among his supporters. Sitting… Continue Reading

Video || Hillary Abandons TPP for Political Gain

In one of the most naked, shameless political moves I’ve seen in some time, Hillary Clinton came out Thursday against President Obama’s Trans-Pacific Partnership, a trade deal she helped negotiate and promote. Here’s how she sounded just three years, ago, before she was running for president. The opportunism is so obvious, even NBC can see… Continue Reading

Obama Steps Up Trade Lobbying

Okay, maybe he spent the weekend partying, but now he’s back in action, and look out, because the hangover is gone! President Obama today is meeting with House and Senate Democrats he thinks he may be able to convince to desert their leadership and join with Republicans to pass fast track trade negotiating authority. “As… Continue Reading

Democrats Get the Alinsky Treatment and THEY DON’T LIKE IT!

Aww. This is really breaking my heart. Faced with opposition from within their own ranks, President Obama and the White House are ladling out some of the same nasty invective they routinely slather on Republicans, and all of a sudden Democrats are getting all sensitive and everything. You probably are by now aware of the Saul Alinsky Rule… Continue Reading

Obama Trade Bill Back on Track

Just two days after delivering President Obama a stinging rebuke, enough Senate Democrats agreed to back fast track trade legislation to get it past the 60-vote threshold needed to begin debate. Debate could continue until the end of this month or even until June, as amendments are brought up. But the legislation has now passed… Continue Reading

Obama Gets Second Chance: Senate Reaches Trade Deal

President Obama will get another vote on fast track trade authority, as it appears Democratic progressives backed down from their insistence that legislation they back be considered together with the bill. From The Hill: The Senate will vote at noon Thursday on a stand-alone customs and enforcement bill that includes currency manipulation language and a… Continue Reading