Salvatore Babones, National Interest: The World Cries Wolf on U.S. Tariffs
Trump’s planned tariffs on steel and aluminum imports are a logical and long-overdue response to decades of trade cheating by friends and foes alike.
When U.S. president Donald Trump announced sweeping new tariffs of 25 percent on imported steel and 10 percent on aluminum Thursday, the world’s commentariat broke out in a frenzy of condemnation. Trump was accused of playing politics in a way that could “destabilize the global economy.” It was said that Trump’s actions could “bring global trade growth to a halt” (notwithstanding the fact that levels of global trade have already been declining since 2011). His critics screamed “trade war.” Canadian and European leaders immediately threatened retaliation. China didn’t, but American China experts predicted that Beijing soon would.
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WNU Editor: When one reads stories like this one .... Chinese billionaire 'hid $2bn aluminium pile in Mexican desert and then sold it across the border to America to avoid costly tariffs', claim US rivals (Daily Mail) .... and this story is just one of many .... it should surprise no one that these tariffs are being imposed. And while Wall Street and the main stream media are condemning these tariffs, I am willing to bet that on main street U.S.A. there is a lot of support for these measures.
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