Who Loses in a Trade War? It Won’t Be the U.S.

Elder Patriot – Americans have become so conditioned to trusting the Washington elite and those who prop up their lies in the mainstream media that they’ve lost the ability to think for themselves.

When it comes to discussions of President Trump’s renewed call for tariffs on imported goods from countries and companies that have literally raped our economy, we are bombarded by a constant stream of negativity from those who have grown rich under the status quo and who are presented as expert guests on every business and news program to reject the president’s plan.

Trump rightly points out that the only beneficiaries of our trade deals have been global investors, the countries that provide sweetheart deals for our companies to locate there, and the banking interests that fund these arrangements.

The benefit to Americans like you and me is a reduction in the costs of many of the things we buy – a marginal reduction in costs at that.

The cost to Americans like you and me are millions of lost jobs that span every level of worker short of the corporate boardroom.  That’s millions of lost taxpayers and millions of additional government dependents.

The benefits of the trade imbalance to our trade partners are millions of jobs for their citizens and billions of dollars in new taxes for their government.  In the cases of China and the European Union that money has been funding a massive military buildup.

This is not rocket science.  Abraham Lincoln once proclaimed, “Give us a protective tariff and we will have the greatest nation on earth.”

By the time Lincoln had completed his first term we had entered what was to be termed America’s Gilded Age.

The Gilded Age saw the greatest period of economic growth in American history. After the short-lived panic of 1873, the economy recovered with the advent of hard money policies and industrialization. From 1869 to 1879, the US economy grew at a rate of 6.8% for real GDP and 4.5% for real GDP per capita, despite the panic of 1873.  The economy repeated this period of growth in the 1880s, in which the wealth of the nation grew at an annual rate of 3.8%, while the GDP was also doubled.

By the time we entered World War I the U.S. had become the world’s greatest industrial power and a wholly self-sufficient nation. We accomplished this solely by taxing foreign goods entering the United States.  There had been no tax levied on the profits of U.S. companies or the incomes of U.S. workers.

Ronald Reagan had been characterized as the most protectionist president since Herbert Hoover but he was merely protecting American workers.  And the results proved Reagan right, especially when compared to the policies of Barack Obama.

President Trump refuses to be cowed by his critics who stand to see their gravy train ended.  This doesn’t matter to Trump who has promised to use his presidential powers to help the forgotten men and women that were cast aside as collateral damage by the globalist movement.

Trump once again took his message directly to twitter this weekend to circumvent the incessant one-sided mainstream media matrix that continues serving as the mouthpiece of their billionaire owners.

The EU has been feeding at the trough of the American worker since it’s inception nearly two decades ago and now, European Commission President Jean-Claude Juncker, has threatened that the E.U. could impose tariffs on Harley Davidsons, Levi jeans and bourbon if Trump resorts to imposing tariffs to correct our trade imbalance with them.

For this Trump is being accused of starting a trade war.

The trade imbalance Trump seeks to end is the result of one-sided tariffs that Juncker has already put in place.  Trump isn’t starting a trade war, he’s simply engaging in it like FDR did after the Japanese bombed Pearl Harbor.

And, Trump’s tweet points out the absurd position of those who oppose his plan:

Seriously, it’s clear that Juncker brought a knife to a gunfight.

If Trump is successful in leveling the playing field, American workers will be free to make this, their next great American century.