Wednesday, May 15, 2019

The Rest Of The Story

The tariffs on Chinese goods are the big “Trump outrage” in the news today, along with the “trade war with China,” and talk about how American consumers are being forced to pay these tariffs.

What the media fails to mention is that tariffs are designed to reduce trade with country against whom they are levied, and to persuade Americans to buy goods made by American workers, in which case nobody pays the tariffs.

Are you upset that the price of a washing machine made in China increased due to this tariff? Then buy a washing machine made in the US, whose price is not affected by the tariff on Chinese goods. It's not rocket science.

I’m not all that big fan of Pat Buchanan, but he spells all this out very cogently in a recent column. He points out that tariffs protect American manufacturers and manufacturing jobs, and that the second law passed under our constitution was a law regarding tariffs.

"The Tariff Act of 1789 was enacted with the declared purpose, 'the encouragement and protection of manufactures.' It was the second act passed by the first Congress led by Speaker James Madison. It was crafted by Alexander Hamilton and signed by President Washington."

And now, as Paul Harvey used to say, you know the rest of the story. The side of the story that the media doesn’t want you to know, because it doesn’t paint Trump as evil.

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