President Trump has now claimed in public a thousand times that current trade deals are unfair to America. How many counter-arguments have you seen in the news? None? #TradeWar
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Reasons for tariffs 1) Protecting Domestic Employment 2) Protecting Consumers 3) Protecting Infant Industry 4) Natl Security 5) Retaliation. It appears that Trump formally claims #4 but implies a sixth reason - renegotiation of "trade agreements". https://www.investopedia.com/articles/economics/08/tariff-trade-barrier-basics.asp …
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Problem is, there has never been an instance of a nation lowering its tariffs in response to new tariffs, and countries Trump accuses (Canada) have very low tariffs, and those with high tariffs have no trade agreements. Phaedrus boss claims he's bringing back shoe making jobs.
End of conversation
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