nsacpi
Expects Yuge Games
https://reason.com/2024/04/17/bidens-call-for-more-steel-tariffs-is-economically-ineffective-political-pandering/
Just four days ago, the Biden administration launched a new line of attack against former President Donald Trump and his campaign trail promise to hike tariffs if he is elected in November.
Those higher tariffs would be "inflation-feeding welfare for the rich" that would raise prices for consumers, according to an Axios summary of a White House memo. The shift in messaging, The New York Times reported, was an attempt at "recalibrating" Biden's economic message in the face of stubbornly high inflation and the persistent sense among voters that the economy is not doing well. In effect, this is an attempt to remind voters that Trump's economic plans include the deliberate goal of artificially inflating prices—because that's what tariffs do.
On Wednesday, President Joe Biden called for hiking tariffs.
During a visit to visit today the United Steelworkers union headquarters in Pittsburgh, Pennsylvania, Biden said he would move to "triple the tariff rate on both steel imports and aluminum imports from China" if a new Commerce Department investigation finds that China is selling steel to America at what Biden called "unfair" low prices. Biden also reiterated his opposition to U.S. Steel's purchase by Japan-based Nippon Steel, saying that the American-based firm should remain "American-owned, American-operated."
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Can’t wait to see Biden and Trump supporters twist themselves into pretzels trying to explain why their guy’s tariffs are good and the other guy’s tariffs are bad. More likely, they’ll just ignore.
Economic literacy isn’t on the ballot if you’re committed to voting for (D) or (R) for POTUS in November.
Scranton Joe gonna do what he needs to get PA's electoral votes. Sad.