Via Billy
National Economic Council Director Gary Cohn (before his resignation in protest Tuesday) was marshalling Wall Street collaborators and global companies to attack the tariffs proposal, even though taken to their maximum extent the tariffs would mean a $9 billion cost spread through a $20 trillion economy.
President Trump is right to call for tariffs on
steel and aluminum imports. Tariffs are often used as a last resort, but
the domestic steel industry has reached that point. Rather than
attacking the president for his proposal, all Americans should applaud
him for beginning to end our nation’s wholesale surrender on trade.
The president’s action is already producing results, as U.S. Steel announced Wednesday that it will restart one of its idled blast furnaces in Granite City, Illinois and create approximately 500 jobs.
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