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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 683.34+0.2%Nov 3 4:00 PM EST
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To: GROUND ZERO™ who wrote (102657)3/2/2018 7:13:18 PM
From: bull_dozer1 Recommendation

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toccodolce

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Trump to Impose Tariffs

Trump said his administration would impose a 25% tariff on steel imports and a 10% tariff on aluminum. It was not immediately clear whether Trump would exempt some countries from the tariffs, as his national security advisers have urged him to do to avoid hurting U.S. allies. The big problem is that Trump FAILS to understand how the economy truly functions. Imposing tariffs on foreign imports because they can produce something more efficiently is NOT protecting American jobs – its is imposing higher costs on the American public. If America cannot compete against foreign steel and aluminum, the answer is not tariffs, but TAX REFORM and UNION REFORM. If unions fail to understand that demanding higher wages in an uncompetitive manner will only lead to the loss of jobs, then end result cannot be prevented by tariffs.

armstrongeconomics.com
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