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With President Donald Trump threatening to slap tariffs on goods from Mexico, his transformation of Republican Party trade policy is nearly complete.
Republican lawmakers usually don't like tariffs. They're viewed as a tax on consumers and unwanted government intervention in free trade. But many Republicans, unwilling to buck Trump, are prepared to follow the president's lead and support 5% tariffs on Mexico in his dispute over illegal immigration.
originally posted by: bobs_uruncle
a reply to: Duderino
Sometimes you have to use real threats backed up by real action to get the job done. I think trump did the right thing. Mexico has allegedly deployed 6000 troops to their southern border to help stop these migrations.
Cheers - Dave
originally posted by: Duderino
But it seems most Republicans these days aren't even aware that they're stepping over everything they've always believed in, just so they can support an icon and fall in with his views.
Step 1: Repeal NAFTA, institute stiff taxes & tariffs on imported goods and, especially, on outsourced labor from US-based compnaies, withdraw the United States from the World Trade Organization, institute tax credits & cuts for corporations & small businesses based on percentages of US citizens employed.
From the Civil War until the eve of World War I, Republicans largely dominated the U.S. government, so average tariffs were set as high as 50%. Some elections during this period were fought largely over the tariff issue. The “Great Tariff Debate” of 1888 ended in victory for the Republicans, who then enacted the McKinley Tariff of 1890.
Every Republican platform from 1884 to 1944 professed the party’s faith in protection. Free trade was introduced by the party of Woodrow Wilson and FDR. Our modern free-trade era began with the Trade Expansion Act of 1962. Among the eight no votes in the Senate were Barry Goldwater and Prescott Bush.
Even in recent crises, Republican presidents have gone back to the economic nationalism of their Grand Old Party. With the Brits coming for our gold and Japanese imports piling up, President Nixon in 1971 closed the gold window and imposed a 10 percent tariff on Japanese goods. Ronald Reagan slapped a 50 percent tariff on Japanese motorcycles being dumped here to kill Harley-Davidson, then put quotas on Japanese auto imports, and on steel and machine tools. Reagan was a conservative of the heart. Though a free trader, he always put America first.
What, then, does history teach?
The economic nationalism and protectionism of Hamilton, Madison, Jackson, and Henry Clay, and the Party of Lincoln, McKinley, Teddy Roosevelt, and Coolidge, of all four presidents on Mount Rushmore, made America the greatest and most self-sufficient republic in history.
And the free-trade, one-worldism of Bush I, Clinton, Bush II and Obama enabled Communist China to shoulder us aside us and become the world’s No. 1 manufacturing power.
originally posted by: hopenotfeariswhatweneed
originally posted by: bobs_uruncle
a reply to: Duderino
Sometimes you have to use real threats backed up by real action to get the job done. I think trump did the right thing. Mexico has allegedly deployed 6000 troops to their southern border to help stop these migrations.
Cheers - Dave
Perhaps those troops are there to help the migrants get through, perhaps they are a response to the armed vigilantes that have been going to the border to stop the immigrants . We know the media is all spin so where does the truth lie?
originally posted by: hopenotfeariswhatweneed
a reply to: bobs_uruncle
I don't have issues with border control it's necessary, I have little faith though in either politicians or the media.