The vast incoherence of President Tariff Man
It should be noted that the Trump administration unveiled a plan to disburse $ 16 billion to farmers as a balm for the predictable and predicted injuries of reprisals from other nations, especially from China, against US exports in response to administration fees. The $ 16 billion do not need to be approved by Congress because not much that presidents do nowadays needs to be.
Likewise, the president expressed that the sum will be paid with the billions of dollars received by China’s treasury. Thus, it is considered that the evident sincerity of his frequently reiterated belief that exporters to the United States pay the tariffs paid by importers and consumers of the United States is more alarming than it would be just to be worthy.
It should be noted that taxpayers who pay more for imported goods covered by the administration’s fees also pay to compensate other Americans for the injuries inflicted on them in response to rates that harm taxpayers.
For his part, Zachary Karabell, who is an investor who wrote in the Wall Street Journal, noted that China is not as vulnerable to US pressure as Japan was in the 1980s. In fact, he emphasized, the clarification that China has a trade relationship of $ 700 billion with the US UU This way, imports and exports are included, since it has a commercial relationship of $ 3 billion with the rest of the world. “
In this way it has been indicated that the administration could be pleased that some non-Chinese companies that manufacture in China move the production to other places to avoid the US tariffs on the products of China, thus stopping the economy of that nation. Taking considerations, presumably, the administration has thought about the consequences of promoting an economic slowdown in the country that buys many American products.
Coupled with this, it is important to mention that the New York Times recently reported that Treasury Secretary Steven Mnuchin, a member of an administration that claims to be a dam against the growing wave of socialism, is encouraging [American] companies to reorient their supply chains and get their products elsewhere.
Source: George F. Will | The Washington Post