Spanish/English journalist covering a wide range of topics -- from breaking news and politics to popular culture, street art, memes, satirical takes, environmental issues, social media trends and more.
looks doomed to repeat a “blunder” from his first term with his newly-signed executive orders that slap a 25% tariff on all aluminum and steel imports.
It’s “worth revisiting the damage” that Trump caused the first time he hiked the tariffs on them in 2018, theDomestic steel producers benefited but those companies who use steel ended up with higher costs and had to lay off some workers as, among other consequences, American manufacturers became less competitive on the global stage, noted the Journal.
“This is political rent-seeking at its most brazen, and it benefits the few at the expense of the many,” the board wrote in its editorial, titled “The Truth About Trump’s Steel Tariffs.” “None of this matters to Mr. Trump, whose dogmatic views on tariffs can’t be turned by evidence,” it added. “But we thought our readers would like to know the rest of the story.”on Monday, said it was “time for our great industries to come back to America” because “we were being pummeled by both friend and foe alike.”to create a sovereign wealth fund by saying it “deserves to die in Congress” and predicting it would “destroy more wealth than it creates.
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