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AP Photo/Carolyn Kaster, File President Donald Trump began to revolutionize US trade policy for the very much better. We’d spent decades getting royally screwed by everyone else on the planet. We’d spent more than half a century committing slow-motion national suicide to the perpetual benefit of Communist China.
Trump put our outsourcing everything to corrupt China on the national radar. We went from not talking about it at all to roundly denouncing it — in about three Trump seconds. Suddenly everyone was conversant in the Uyghurs’ west China plight. Trump’s “Make America Great Again” easily transmogrified into a national movement to “Make It in America Again.”
Trump’s use of tariffs wasn’t because he liked tariffs. It was because he disliked everyone’s tariffs. And trade limits. And subsides. Trump imposed tariffs upon countries that were massively subsidizing their exports to us and taxing and severely limiting their imports from us. Trump wanted to reduce all of these anti-trade impositions — from and by everyone.
The point of Trump’s trade policy was identical to the point of all Trump policy: Make things better for Average Americans. Outsourcing everything to China and everywhere else is a huge boon to America’s Bigs: Big Tech, Big Business, Big Banks, Big Stock, etc. But it royally screws Average Americans. Allowing foreign countries to export their domestic cronyism to us is a huge boon to America’s relocating Bigs — but it royally screws Average Americans.
Trump was trying to undo many decades of trade dumbness. The underlying theme of all the dumbness was cronyism. Big Cronies benefited; Average Americans got screwed.
Biden’s trade people have spent most of his four months in power almost singularly focused on getting monstrous Big Tech out from under some international digital taxes. Trump, too, was opposed to these taxes. But Biden is nigh myopically working to end/prevent them — to the exclusion of almost all other things trade. It’s almost as if Biden is supplicant to Big Tech’s bidding . “USTR’s potential action against Austria, India, Italy, Spain, Turkey and the U.K. has its roots in the Trump administration. “But U.S. Trade Representative Katherine Tai, […]
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