Tag: Tariffs

Virgil: Trump Connects to the Taproot of American Economic Nationalism with Henry Clay’s ‘American System’

In his March 20 speech in Louisville, Kentucky, President Trump sounded many familiar and important themes, including the importance of jobs, manufacturing, trade, and the need to revive the coal industry. And yet he also added a new and larger “meta-theme,” namely, the urgency of building up our industrial strength for the sake of economic and national security. That meta-theme, we might observe, is the essence of the “American System” of Henry Clay.

Trump’s Economic Nationalism Exposes Hillary’s Achilles Heel

Quoting Alexander Hamilton, George Washington, and Abraham Lincoln, presumptive Republican nominee Donald Trump became the first major party candidate in decades to embrace economic nationalism. Trump, in a policy speech delivered in the key swing state of Pennsylvania, proclaimed “it’s time to declare our economic independence once again.”

Larry Kudlow: Trump Tax Plan Will Bring ‘Tremendous Movement of Capital and Labor Back to the United States’

You’d see a movement, a tremendous movement, of capital and labor back to the United States, that’s in China and overseas, because we’d have a more hospitable business tax environment. You include immediate deductions for new business investment, and you include repatriation, which is all in Trump’s plan, and you’ve got yourself a powerful incentive to move back to the USA,” said Kudlow.

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Trump: I’d Put a 35% Tax on Cars Made In Mexico

Republican presidential candidate Donald Trump said he would impose a 35% tax on any cars made in Mexico to keep companies from moving out of the US. Discussing a scenario where a car company wanted to build a plant in Mexico,

Trump’s Immigration Plan Sets the Agenda — Again

On Sunday, 2016 Republican presidential candidate Donald Trump released his long-awaited detailed immigration plan. Many, including this author, have criticized Trump for his lack of details and his vagaries on key issues including immigration. Those criticisms are now obsolete – Trump’s immigration plan is highly specific.

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The Eagle Must Show its Talons: China’s ‘Closed Sea’ Openly Challenges American Free Trade

The famous 1972 “Nixon to China” moment, in which President Richard Nixon opened up relations with the Chinese Communists to peel them away from the Soviet Union’s orbit, is often considered a major turning point in the Cold War. Since that time, those who guide U.S. foreign policy have mostly seen China as a long-term partner in a future, global system with America as the first among equals. The American eagle and Chinese dragon would rise together with “constructive engagement.”

Barack Obama

Politico: What’s Actually in ObamaTrade

From Politico: Vietnam slaps tariffs of 70 percent on U.S. cars and machinery, 35 percent on U.S. chemicals, 30 percent on U.S. biscuits and baked goods, and 25 percent on U.S. recording equipment. Japan marks up our oranges 16 percent