One of the better economic observers addresses economic stupidities, like the one from Samuelson which decries Trump's tariff moves because such moves will 'weaken US allies and alliances.'
Harf...harf...
...This
argument conveniently overlooks several big trade and security
fundamentals. First, globalist pre-Trump American leaders themselves
have insisted that they’ve long tried to create multilateral pressure on
China’s rogue economic behavior for years before Mr. Trump became
president – though it’s unclear how serious these efforts were. For
example, the Trans-Pacific Partnership (TPP) trade deal largely touted
by the Obama administration for its potential to curb China’s influence
contained a back door for numerous imports with major levels of Chinese content.
Second, it’s anything but obvious that U.S. alliances strengthen American security on net. As I’ve pointed out frequently (including this past week),
they continue to expose the American homeland to the risk of nuclear
attack even though the Soviet-style kinds of global threats their
nuclear guarantees were intended to counter have been (literally) gone
for nearly three decades. Moreover, as has been widely reported,
the militaries of many of these allies have deteriorated so markedly
that their potential as force multipliers for the United States is open
to serious doubt....
A very-well informed commenter over at Owen's place summed it up: since WWII, US trade and tariff policy has been another way to deliver foreign aid. Wouldn't surprise me if that "foreign aid" happened to follow major investments in those foreign countries--made by certain very influential industrialists and/or banks. IOW, Follow the Money.
Just sayin'......
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