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Trump’s tariffs threaten 200k jobs, senators say

Somehow, taxing goods which Americans buy is going to teach the Chinese to play more fairly

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The Trump administration is intent upon following its course of action to the end no matter the cost. The promises Trump made on his campaign trail seem to be a large part of his guiding light as he navigates his tenure.

A part those commitments was that of bringing manufacturing jobs back to America, cutting the trade deficit, and putting America into a more equitable position on trade matters, if not, perhaps, even in a position that puts America in a competitively advantageous position.

Part of this plan is Trump’s tariffs regime, which, according to the rhetoric coming from the Trump admin, aims to tackle. But US senators are pushing back on Trump’s strategy, pointing out that it threatens more jobs than it saves or creates and stands to increase the cost of doing business, and therefore the cost of living, for average Americans.

.The South China Morning Post reports:

US Commerce Secretary Wilbur Ross was slammed by senators on Wednesday for pulling the US into a trade war that they said could spiral out of control and hurt Americans, as he tried to persuade them that Beijing had to be put under more pressure.

“Mister secretary, as you consider these tariffs, know that you are taxing American families,” said Utah Senator Orrin Hatch, chairman of the Senate Finance Committee, of the tariffs and counter-tariffs that Washington and Beijing have placed on each other.

“You are putting American jobs at risk, and you are destroying markets, both foreign and domestic, for American businesses of all types, sorts and sizes.”

But Ross, speaking two days after US President Donald Trump announced that he was prepared to add tariffs to an additional US$400 billion of Chinese imports, said years of talks with China over US intellectual property concerns have failed to yield progress.

“The president feels and I agree that now is the time for action,” Ross said.

“And unless we make it more painful for them to continue those practices than to do otherwise, unless we put that kind of pressure on, it’s unlikely we will succeed.”

Pleading for an assortment of interests – from nail manufacturers in Missouri to cherry growers in Washington state – senators told Ross US trade policies are alienating allies and jeopardising US livelihoods.

Hatch said Trump’s threatened tariffs of 25 per cent on the auto sector would amount to a US$73 billion tax increase on American consumers and endanger 200,000 jobs and US$65 billion in annual auto exports.

Senator Chuck Grassley, a Republican from Iowa whose home state soybean growers are heavily dependent on exports to China, blasted the administration for pursuing “a government-run mercantilist economy as opposed to a free-market economy”.

The chorus of criticism amounted to a rare rebuke of a sitting president by the members of his own party.

Global markets have shuddered at the brinkmanship over trade between Beijing and Washington, especially after Trump’s threat of further tariffs on Monday, which would leave the door open to further retaliation by China.

Ross countered that in Trump’s view, the United States was already the loser in a long-standing trade war and was only now beginning to fight back.

He said that, despite the hue and cry, Trump’s aggressive moves had pushed US trading partners to combat harmful supply gluts in the metals trade.

“Suddenly Europe is enacting safeguards against steel dumping into Europe. They didn’t do much before,” he said. “Canada is taking action. Japan for the first time has created an enforcement body … to deal with the problem.”

“While they’re complaining bitterly about the tariffs, the fact is they’re starting to take the kind of action which if they had taken sooner would have prevented this crisis,” Ross said.

Grassley said Iowa soybean farmers had seen prices plummet just because of market uncertainty.

“Even if farmers don’t have to sell their physical crop right now, the sudden volatility in the market can increase the cost of hedging and in some cases require margin calls for those who are long in the market,” he said, calling on the White House to tone down threats that could provoke Chinese retaliation.

When asked what the administration would do to help cushion the blow for farmers, he said that was up to Agriculture Secretary Sonny Perdue.

“I am not familiar with all the tools the secretary–,” he said, before being swiftly interrupted by Colorado Democrat Michael Bennet.

“How can you not be familiar with them? You have come here and testified that is how you are going to solve the issue.”

However, when confronted with this, the US Secretary of Commerce, Wilbur Ross, simply responds back that some action has to be taken immediately, because China’s alleged theft of intellectual property is a matter that has not been solved by any other means up to date.

But somehow, taxing imports from China fixes that issue, in Ross’s mind. And, apparently, the downsides to imposing tariffs on Chinese goods get about as much attention as Trump gave to his initial strikes on Syria in 2017.What’s more, he doesn’t even perceive the implications of the measures that he lobbies for on the Senate floor. Somehow, taxing goods which Americans buy is going to teach the Chinese to play more fairly when it comes to intellectual property.

 

 

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John Mason
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John Mason

Has nothing to do with ‘intellectual properties’, but with trade deficit caused by US policies that out sourced businesses to overseas hence a loss to US manufacturing and other enterprises. Can’t go around blaming others for your own mistakes, best is to try to come to an amicable, mature and sensible agreement, but once again the US has a habit of destroying agreements. Only solution seems to be for the US to lay down and get itself well and truly screwed; your turn now.

tibetan cowboy
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tibetan cowboy

Both Ross and Trump are actually still Rothschild Inc. employees. Trump has been owned by Rothschild since 1982 when they bailed him out of devastating real estate bankruptcy with $1.5 billion. He and Ross do not work for the USA but Rothschild Inc. Ross left Rothschild after decades of employment to continue serving Rothschild as Trump’s Minder and babysitter for them, because Rothschild doesn’t trust Trump any farther than they can throw him. This is also why Trump is still operating 19 ISIS training bases in Syria to conquer it for their oil, the largest field of which is at… Read more »

Guadamour
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Guadamour

Theft of intellectual property? Why don’t we bring that up with other countries, especially Israel which has stolen huge quantities of US intellectual property since the first disastrous “Free Trade ‘Agreement– The US Israeli Free Trade Agreement of 1984? Trump and members of his administration seem incapable ot thinking through the reactions of their decisions.

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James Woods Suspended From Twitter Over Satirical Meme That Could “Impact An Election”

James Woods crushes Jack Dorsey: “You are a coward, @Jack.”

Alex Christoforou

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Via Zerohedge


Outspoken conservative actor James Woods was suspended from posting to Twitter over a two-month-old satirical meme which very clearly parodies a Democratic advertisement campaign. While the actor’s tweets are still visible, he is unable to post new content.

The offending tweet from July 20, features three millennial-aged men with “nu-male smiles” and text that reads “We’re making a Woman’s Vote Worth more by staying home.” Above it, Woods writes “Pretty scary that there is a distinct possibility this could be real. Not likely, but in this day and age of absolute liberal insanity, it is at least possible.”

According to screenshots provided by an associate of Woods’, Twitter directed the actor to delete the post on the grounds that it contained “text and imagery that has the potential to be misleading in a way that could impact an election.

In other words, James Woods, who has approximately 1.72 million followers, was suspended because liberals who don’t identify as women might actually take the meme seriously and not vote. 

In a statement released through associate Sara Miller, Woods said “You are a coward, @Jack,” referring to Twitter CEO Jack Dorsey. “There is no free speech for Conservatives on @Twitter.

Earlier this month, Woods opined on the mass-platform ban of Alex Jones, tweeting: ““I’ve never read Alex Jones nor watched any of his video presence on the internet. A friend told me he was an extremist. Believe me that I know nothing about him. That said, I think banning him from the internet is a slippery slope. This is the beginning of real fascism. Trust me.”

Nu-males everywhere non-threateningly smirk at Woods’ bad fortune…

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Another witness named by Ford becomes third person to deny being at party

A woman believed to have been one of five people at a party 35 years ago where Ford claims she was assaulted by Kavanaugh is now the fourth person to deny being at any such party.

The Duran

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Via The Washington Examiner


A witness, reportedly named by Christine Blasey Ford as one of the people at the high school party where Supreme Court nominee Brett Kavanaugh allegedly sexually assaulted her, told the Senate Judiciary Committee on Saturday she was not there.

The attorney for Leland Ingham Keyser told the Senate Judiciary Committee that Keyser does not remember being at the party Ford described as the location of the alleged assault.

“Ms. Keyser does not know Mr. Kavanaugh and she has no recollection of ever being at a party or gathering where he was present, with, or without, Dr. Ford,” Keyser said in the statement. CNN reported Keyser is a lifelong friend of Ford’s.

Keyser, whom the New York Times reported is one of the people Ford named as being in attendance at the party, is the third witness who has denied knowing about the alleged assault. Mark Judge and Patrick Smyth said earlier this week they did not remember the party in question.

Kavanaugh has denied Ford’s allegation.

The news comes after Ford, through her attorneys, tentatively agreed to testify on Thursday, after days of negotiations over the timing and conditions of her

Committee chairman Sen. Chuck Grassley, R-Iowa, had repeatedly extended deadlines set for Ford’s team on the decision, including three on Friday and one at 2:30 p.m. Saturday. Grassley threatened to proceed with a committee vote on Kavanaugh’s nomination Monday if he did not hear from Ford.

“Five times now we [have] granted extension for Dr Ford to decide if she wants to proceed [with] her desire stated one [week] ago that she wants to tell senate her story,” Grassley tweeted Friday. “Dr Ford if u changed ur mind say so so we can move on I want to hear ur testimony. Come to us or we to u.”

The extended discussions have been labeled a delaying tactic by some Republicans.

Ford’s attorneys and Grassley’s aides will reportedly continue negotiations Sunday on the details of the conditions of Ford’s testimony, per the New York Times.

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Was NYT Story About Rosenstein ‘Coup Attempt’ A Setup?

The New York Times is reporting that Rod Rosenstein pushed a plan to record President Trump and invoke the 25th Amendment to remove Trump from office.

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Via Zerohedge


Is the FBI trying to goad President Trump into firing the man in charge of supervising the Mueller probe? That’s what Sean Hannity and a handful of  Trump’s Congressional allies think.

According to a report in Politico, Republicans in Congress are approaching a story about Deputy Attorney General Rod Rosenstein attempting to organize a palace coup with extreme caution, despite having twice nearly gathered the votes to remove him in the recent past.

On Friday, the NYT reported a bombshell story alleging that Rosenstein had tried to recruit administration officials to secretly tape conversations with the president in order to help justify removing Trump under the 25th amendment. Rosenstein vehemently denied the story, which was largely based on confidential memos written by former Deputy FBI Director Andrew McCabe. And others who were reportedly in attendance at meeting between McCabe and Rosenstein said the Deputy AG was being “sarcastic” when he suggested that the president be taped.

Meanwhile, Trump allies including Ohio Congressman Jim Jordan and Florida Congressman Matt Gaetz are saying that the story should be treated with suspicion. Jordan and Freedom Caucus leader Mark Meadows once filed articles of impeachment against Rosenstein. But now, both Meadows and Jordan intend to proceed with caution, telling Politico that he would like to see the memos that the story was based on.

House Freedom Caucus leaders Mark Meadows and Jim Jordan, who led a charge to impeach Rosenstein this summer, have said they want to hear from Rosenstein and see documents allegedly describing the comments before they decide what to do.That’s awarded Rosenstein a courtesy they’ve never given him in the past.

“I think Rod needs to come before Congress this week and explain under oath what exactly he said and didn’t say,” Meadows said at the Values Voters Summit Saturday.

The newfound hesitation to oust Rosenstein highlights a cautious approach Trump allies have adopted as the Republican party barrels toward a potential bloodbath in the midterms. Some Republicans fear Trump firing Rosenstein now would only further energize Democrats making the case to voters that the president is corrupt and needs to be reined in by a Democratic House.

[…]

In a Friday interview, Jordan, one of Rosenstein’s fiercest critics in Congress, sidestepped questions about whether the House should revisit Rosenstein’s impeachment or try to hold him in contempt of Congress. Rather, he said, a more focused push to obtain sensitive documents from the Justice Department — which Trump’s allies say would expose anti-Trump bias and corruption the FBI — is the most urgent priority.

“I want to see those memos and evaluate them,” said Jordan, who has clashed publicly with Rosenstein over access to documents and accused him of threatening House Intelligence Committee staffers, an allegation Rosenstein denied.

Politico cites two possible explanations for lawmakers’ hesitation: Republicans are running out of time before members devote themselves full-time to their reelection campaigns. Republicans are worried that the story could have been intentionally planted to provoke Rosenstein’s firing in order to improve Democrats’ chances of retaking the Senate AND the House (Trump actively moving to crush the Mueller probe would be quite the propaganda win for the Dems).

Sean Hannity took this latter theory a step further during his show on Friday evening, where he urged Trump not to fire Rosie and instead insisted that the story could have been a “trap”. He added that he had been told by “multiple sources” that the story was planted by unspecified “enemies of Trump.”

“I have a message for the president tonight,” Hannity said Friday night. “Under zero circumstances should the president fire anybody…the president needs to know it is all a setup.”

Still, a handful of conservative commentators, including Laura Ingraham, urged Trump to fire Rosenstein immediately. And for Trump’s part, he hinted at a rally Friday night in Missouri that he planned to “get rid” of the “lingering stench” at the DOJ, which many interpreted as a hint that his firing is imminent.

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