March 8, 2018 By Joe Herring
So much huff and puff surrounds Trump's tariff talk, I thought it time to inject a little perspective into this heated (and often misinformed) debate.
Senator Ben Sasse was on Newsradio 1110 KFAB in Omaha, Nebraska the morning of March 7, issuing declarative statements regarding tariffs in general and Trump's proposals in particular, that aren't quite supported by facts.
While totally free trade is an ideal and a goal, it is impossible to accomplish without becoming wholly interdependent on other nations. There will always be another country capable of driving your domestic industry into the dirt on some product or another, as no one nation can be the most efficient and best producer of everything that nation requires.............While a simplistic explanation, it covers the basic function of tariffs. Throughout history, administrations and regimes have misused tariffs, sparking "trade wars." And it is true that these disruptions have proven costly to both sides, but to say "no one wins in a trade war" is patently false. The stronger hand will prevail, although not always unscathed...........Read more
Senator Ben Sasse was on Newsradio 1110 KFAB in Omaha, Nebraska the morning of March 7, issuing declarative statements regarding tariffs in general and Trump's proposals in particular, that aren't quite supported by facts.
While totally free trade is an ideal and a goal, it is impossible to accomplish without becoming wholly interdependent on other nations. There will always be another country capable of driving your domestic industry into the dirt on some product or another, as no one nation can be the most efficient and best producer of everything that nation requires.............While a simplistic explanation, it covers the basic function of tariffs. Throughout history, administrations and regimes have misused tariffs, sparking "trade wars." And it is true that these disruptions have proven costly to both sides, but to say "no one wins in a trade war" is patently false. The stronger hand will prevail, although not always unscathed...........Read more
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