Trump on ‘Dead’ Steel and Aluminum Industries: ‘Sorry, it’s time for a change!’

Trump on 'Dead' Steel and Aluminum Industries: 'Sorry, it’s time for a change!'

President Trump went to Twitter on Sunday morning and justified his announcement from Thursday with regard to imposing tariffs on steel and aluminum imports:

A number of economists, including one of my favorite conservatives, Peter Schiff respectively, criticized President Trump’s decision of enacting protectionist policies via tariffs, though if you’ve listened carefully, candidate Donald Trump actually promised to end unfair trade deals and to impose tariffs during his presidential campaign back in 2016, i.e. this is nothing new really.

Following the POTUS announcement on Thursday, the unelected bureaucrat currently in charge of the European Union, Jean-Claude Juncker respectively, vowed to retaliate against the aluminum and steel tariff, saying that the EU would slap the US with a similar tariff on a number of America’s iconic brands, such as bourbon whiskey, Harley Davidson motorcycles and Levi’s blue jeans.

So now we will also impose import tariffs. This is basically a stupid process, the fact that we have to do this. But we have to do it. We will now impose tariffs on motorcycles, Harley-Davidson, on blue jeans, Levis, on bourbon. We can also do stupid. We also have to be this stupid,”

said the unelected bureaucrat Jean Claude Juncker.

 

Trump was not impressed and stood his ground:

This is called leveling the playing field. President Trump was elected promising FAIR trade. No more sacrificing the American workers while letting in unlimited imports.

Here’s Peter Schiff’s critique on tariffs and trade wars (unwinnable by the United States in his view) which may result from such a move:

President Trump sticking up for American industry. What a concept. An American leader who cares for America. No wonder The Swamp is so very perplexed for such an inconceivable concept as affinity for America and Americans.

President Trump should just publish the tariffs (both ways) on the top 20 items like cars, steel, computers, etc. Let the world know how unfair these tariffs are. We need to stop subsidizing every other country in the world.