Trump wants to reduce
the US Trade Deficit from $566 billion by at least $100 billion. Trump is
identifying trade imbalances by country and China is the biggest target. Trump
established a 25% tariff on steel imports and a 10% tariff on aluminum imports to
comply with DOD requirements.
Trump is also calling
out big, unnecessary tariffs like Germany’s 25% tariff on US manufactured cars
to get them to reduce it to 2.5%, the US tariff on imported cars. Germans don’t
buy many US cars anyhow. They prefer German cars.
Trump correctly states
that he wants other countries to put their people first too. China has been
busy reducing their imports of pork and has been building large pork farms and
Trump would agree with that.
Countries are
identifying commodities to propose tariffs on to have leverage in the great
tariff-fest. Individual companies, industries and industry associations are
scrambling to cover their bets.
In the end, countries
will reach commodity-independence and get new trading partners closer to home.
Politicians are being attacked by their campaign contributors and puppet
masters. The UN globalist crowd is not happy, but individual countries are
fully engaged without the help of the UN globalists.
The companies who gave
away their intellectual property to China are screwed.
Norb Leahy, Dunwoody
GA Tea Party Leader
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