Ever given that Trump formally introduced his self-declared trade war earlier this year, nations around the globe have been lining up to strike back versus his approximate usage of tariffs– the Senate Financing Committee recently called it “knee-jerk impulses”– in his pursuit to advance his anti-free trade, protectionist agenda.In January
, Trump lobbed the first economy-killing grenade when across-the-board tariffs of 25 percent on steel and 10 percent on aluminum.Following the 2nd
round of attacks, Trump’s trade advisor Peter Navarro appeared on FOX Organisation Network to assure America that Trump knew exactly what he was doing and that worries of a trade war were misplaced because no nation would dare strike back for Trump’s tariffs.Peter Navarro on tariffs: I don’t think any country will strike back https://t.co/HVkcCz9iLB!.?.!— Mornings with Maria(@MorningsMaria) March 2, 2018 Clearly, with vindictive tariffs being leveled by Canada, China, Mexico, and the EU, Navarro was not only wrong in his conclusion, but we now discoverourselves in the throes of atrade war, with Harley Davidson’sannouncement to move some production overseas to avoid tariffs.Additionally,< a href=https://www.foxbusiness.com/politics/trumps-steel-tariffs-causing-unintended-consequences-for-manufacturers > the rate of steel has actually doubled, triggering layoffs and possible service closures for smaller sized services. For example, last week Mid-Continent Nailrevealed layoffs for 60 of its 500 employees and might be required to move to Mexico to make it through Trump’s trade war.But do n’t worry. Trade wars are”good” and”simple to win. “When a country (U.S.A. )is losing many billions of dollars on trade with virtually every country it does service
with, trade wars ready, and simple to win. Example, when we are down$100 billion with a particular country and they get adorable, don’t trade anymore-we win huge. It’s simple!– Donald J. Trump(@realDonaldTrump) March 2, 2018 Already guilty of abusing his authority to level tariffs– he can only do so as a matter of national security– and in true”Damn the torpedoes! Full speed ahead!”style, Trump is working on a bill he hopes Congress will think about that would shift tariff powers
from the legal branch to the executive branch.The U.S. Fair and Reciprocal Trade Act would provide the president power to level tariffs anywhere, anytime, and for any reason.
Former White Home Communications Director Anthony Scaramucci refers to Trump’s proposal acrostically, calling it the United States FART Act because it”stinks.”WTO has its defects, however the “United States Fair and Reciprocal Tariff Act,”aka the United States FART Act, stinks. American customers pay for tariffs. Time to switch strategies. https://t.co/OfyOFA1neU!.?.!— Anthony Scaramucci(@Scaramucci )
July 2, 2018 Personally, I think a much better label for it is the Emperor Palpatine Act since it provides Trump … I want to think, as the editorial board of National Evaluation does, that Congress would never think about surrendering its Post 1, Section 8 power to “lay and collect Taxes, Duties, Imports, and Import taxes “to any president, especially Trump. When you think about that they already permit Trump to abuse his authority to impose tariffs– nationwide security, remember?– not to mention that efforts to rein him in have been shot down by Mitch McConnell and other Republicans offered out to Trumpism, I’m not so sure FART would not fly if offered its wings.Case in point: We require just keep in mind how Sen. Bob Corker(R-TN)effectively led the charge to give up the Senate’s Constitutional authority to approve treaties to Obama throughout the Iran offer to understand simply how feckless Republican politicians can be when handling unpopular issues.David Leach is
the owner of The Strident Conservative. His politically incorrect and always” right”columns are likewise included on NOQReport.com, RedState.com and TheResurgent.com. His day-to-day radio commentary is dispersed bythe Salem Radio Network and is heard on stations across America.Follow the Strident Conservative on Twitter and Facebook.